Valour, the exchange-traded product (ETP) division of DeFi Technologies, has successfully broadened its offerings on Sweden’s Spotlight Stock Market with the introduction of 13 new cryptocurrency ETPs, including popular meme coins FLOKI and PEPE.
This expansion elevates Valour’s total number of listed products to 99, reinforcing its stature as the largest issuer of digital asset ETPs worldwide, as affirmed in a recent press release.
The newly launched ETPs encompass a diverse array of digital assets, ranging from community-centric tokens like FLOKI and PEPE to robust infrastructure projects such as Optimism, Immutable, and IOTA.
All products are denominated in SEK, incur a management fee of 1.9%, and are accessible through standard brokerage channels.
Johanna Belitz, Head of Nordics at Valour, emphasized that this launch is a direct response to the Nordic market’s demand for a wider selection of compliant investment opportunities. Nadine Kenzelmann, Managing Director at Valour, also pointed out the extensive strategy and operations backing this expansion.
“Our goal remains to enhance access while upholding institutional standards in risk management, operational integrity, and the overall quality of markets,” stated Kenzelmann.
With these new additions, investors in the Nordic region can now gain regulated exposure to meme tokens alongside established blockchain entities.
However, despite making their debut in Sweden, both FLOKI and PEPE have seen declines of over 10% in the last week. Currently, PEPE is trading around $0.0000097, experiencing pressure after reaching the lower Bollinger Band, with the Relative Strength Index (RSI) standing at 40.82, suggesting a lack of momentum.
The current consolidation phase indicates a decrease in volatility, but a definitive breakout above $0.00001058 could spark a bullish reversal, aiming for mid-August peaks close to $0.00001600. Conversely, critical support levels are positioned at $0.00000915 and $0.00000800.
FLOKI, valued at $0.00008645, is found within a descending wedge pattern—often associated with potential bullish reversals. Nevertheless, confirmation is needed through a breakout above the upper trendline of the wedge and the 20-day moving average at $0.00009597.
Resistance levels are marked at $0.00001080 to $0.00001200, and failure to maintain $0.00008392 may lead to declines toward the $0.00008000 to $0.00007500 range.
While short-term technicals may appear bearish, both FLOKI and PEPE are at significant inflection points, positioning them as some of the most promising meme coins to buy.
For further insights, you can read the original article here by Parth Dubey on Coinspeaker.com
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