Valour has announced the debut of its Binance Coin (BNB) Exchange-traded products (ETP) on Germany’s largest exchange, Börse Frankfurt, with trading set to start on Wednesday, August 24, 2022.
In a press statement published on August 24, the company noted that the new product would track the price of BNB, the native token of the Binance Chain while promising minimal fees.
According to Valour, the new product, which ranks as the company’s tenth ETP, will help investors avoid excessive risk exposure and enjoy operational efficiency.
“BNB is a dynamic digital asset. By offering exposure to this token on Börse Frankfurt, Valour is enabling investors to safely and securely gain exposure through a distinguished and reputable exchange. I am confident that our low fee model will drive interest in our Valour (BNB) ETP as more investors seek to diversify with digital assets.” said Russell Starr, CEO of Valour.
ETPs to drive crypto adoption
In general, the rollout of ETPs is viewed as an avenue to drive crypto adoption since the product eliminates the technical bit of investing and holding digital currencies.
Notably, several German exchanges host fully hedged digital asset ETPs offered by different platforms as companies move to drive crypto adoption globally.
For instance, the Iconic Funds’ Physical Bitcoin ETP debuted on Deutsche Börse’s Xetra for trading that began on May 12, allocating a total expense ratio of 0.95%.