HomeCrypto NewsMarketValour Launches New Shiba Inu ETP in Europe 

Valour Launches New Shiba Inu ETP in Europe 

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Leading ETP issuer Valour Inc. has launched a new SEK-denominated exchange-traded product (ETP) tied to Shiba Inu on Sweden’s Spotlight Stock Market. 

Shiba Inu was among the eight new SEK-denominated ETPs launched by Valour on the Spotlight trading platform this week. 

Other supported assets include Pi, Ondo, Cronos, Mantle, Vechain, Ethena, and Celestia. These eight ETPs give investors regulated exposure to the underlying tokens, including Shiba Inu. 

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Features of Valour SHIB ETP 

Specifically, European investors, particularly those residing in Sweden, Denmark, Norway, and Finland, can gain exposure to Shiba Inu via their normal brokerage accounts on Avanza and Nordnet. 

The process eliminates the hassles of directly purchasing SHIB from a crypto exchange and storing the asset. While the product does not provide investors with direct ownership of SHIB, it is structured to mirror Shiba Inu’s price performance. 

The offering also lowers the barrier for traditional and institutional investors to join the Shiba Inu ecosystem. The good news is that they can gain exposure to the underlying token through a familiar trading environment, without needing crypto-specific infrastructure. 

Similar to other Valour’s offerings, the Shiba Inu ETP comes with a management fee of 1.9%. 

Shiba Inu Team Reacts 

Members of the Shiba Inu community have celebrated the launch of a new investment product tied to SHIB. Lucie, the head of marketing of the Shiba Inu project, highlighted the latest development on X. 

Lucie noted that the Valour SHIB ETP is another step into mainstream adoption. Such a product helps bring Shiba Inu closer to the realm of traditional finance, not just in the crypto world. 

It could also draw institutional investors to SHIB, a key element that has largely been missing since the token’s launch in August 2020. Although Shiba Inu has achieved notable milestones over the years, much of its success has been fueled by retail investors. 

The community has long awaited the entry of institutional investors into the ecosystem and has even urged top asset managers to launch SHIB-focused investment products.

For instance, they petitioned Grayscale Investments to launch a spot SHIB ETF in the United States. While the asset manager has ignored these demands, the community still believes SHIB will eventually get a spot ETF someday. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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