Valour Inc., a subsidiary of DeFi Technologies, announced the launch of a new Exchange Traded Product (ETP) for the Pi cryptocurrency on the Swedish Spotlight market. In addition, a group of new SEK-based products was introduced.
Launch of Pi ETP
The launch of Pi ETP provides regulated and convenient access to Pi via traditional brokerage channels for mainstream and institutional investors across Europe. The product has a 1.9% management fee and will trade in Swedish kronor with the identification number ISIN CH1108681540. Now, investors can easily access Pi ETP.
Criticism of Pi Network and Valour's Role
Pi Network has been facing heavy criticism lately due to falling prices, long delays, and a lack of visible progress. However, analyst Dr. Altcoin highlights a potential turning point for Pi Network through Valour. Valour currently offers over 85 cryptocurrency-backed Exchange-Traded Products, giving traditional investors easy and secure access to digital assets through brokers. According to Dr. Altcoin, if Pi Network is listed as an ETP on Valour, it could open the door for regular investors worldwide to safely access Pi.
Frequently Asked Questions
****What is the new Pi ETP launched by Valour Inc.?**** Investors in Europe can now access the Pi cryptocurrency through the new regulated Pi ETP, using traditional brokerage channels.
****How does an ETP give investors access to cryptocurrencies?**** An ETP is a security that tracks the price of an underlying asset. It lets traditional investors gain exposure to digital assets without directly buying from crypto exchanges.
****What other ETPs did Valour launch on the Spotlight Stock Market?**** Valour launched ETPs for Shiba Inu (SHIB), Ondo (ONDO), Cronos (CRO), Mantle (MNT), VeChain (VET), Ethena (ENA), and Celestia (TIA).
The launch of Pi ETP by Valour Inc. opens up new opportunities for European investors by providing a safe and regulated access to cryptocurrency. Nevertheless, the ongoing criticism towards Pi Network also emphasizes the importance of monitoring the market situation.
