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Norway’s Arcane Crypto to List an ETP With Valour Later This Year
The ETP will be based on Arcane's cryptocurrency fund and will allow investors to buy and sell the product through their brokers.
Cryptocurrency investment firm Arcane Crypto is planning to launch an exchange-traded product (ETP) with Valour Structured Products Inc. later this year.
STORY CONTINUES BELOW
- Norway-based Arcane said Wednesday it has signed a letter of intent with Valour, which is a subsidiary of Canadian company DeFi Technologies Inc.
- The ETP will be based on Arcane's crypto fund and will allow investors to buy and sell the product through their brokers, tracking the performance of the Arcane Assets Fund.
- “Valour has successfully launched several ETPs tracking cryptocurrencies in the past and is an ideal partner for us,” said Arcane Crypto CEO Torbjørn Bull Jenssen.
- In Europe, regulators are showing an increased willingness to list cryptocurrency ETPs as the asset class grows in popularity.
- On June 1, four investment firms – WisdomTree, VanEck, 21Shares and the ETC Group – all received approval to list ETPs on the Euronext stock exchanges in Paris and Amsterdam.
Read more: Arcane Crypto Lists on Nasdaq First North After Reverse Takeover
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
