v3.26.1
ETP Holders Payable
 12 Months Ended
Dec. 31, 2025
ETP Holders Payable [Abstract]  
ETP holders payable
13.ETP holders payable

 

The fair market value of the Company’s ETPs as at December 31, 2025 and 2024 were as follows:

 

   December 31,
2025		   December 31,
2024		 
Valour AAVE SEK   616,350    729,499 
Valour Aerodome SEK   905,243    383,088 
Valour Akash SEK   132,566    311,261 
Valour Algorand SEK   152,328    
-
 
Valour Aptos EUR   3,000    
-
 
Valour Aptos SEK   857,715    2,560,659 
Valour Arweave SEK   220,187    225,498 
Valour Arbitrum SEK   277,287    
-
 
Valour ASI SEK   931,407    732,181 
Valour Avalanche EUR   142,626    284,496 
Valour BCIX STOXX USD   373,434    1,148,298 
Valour Avalanche SEK   9,220,824    22,146,770 
Valour Binance EUR   84,953    53,964 
Valour Binance SEK   1,156,463    1,285,371 
Valour Bitcoin Carbon Neutral EUR   15,575    18,546 
Valour Bitcoin Physical Carbon Neutral USD   889,656    811,050 
Valour Bitcoin Cash SEK   83,327    
-
 
Valour Bitcoin Staking SEK   3,881,877    4,590,500 
Valour Bitcoin Zero EUR   20,476,740    23,403,581 
Valour Bitcoin Zero SEK   199,124,760    203,609,067 
Valour Bittensor SEK   4,879,220    4,404,154 
Valour BTC Staking EUR   54,774    115,021 
Valour Cardano EUR   201,420    280,720 
Valour Cardano SEK   23,005,260    59,141,651 
Valour Celestia (Tia) Sek   50,886    
-
 
Valour Chainlink SEK   4,260,531    4,842,016 
Valour Core SEK   206,379    2,310,748 
Valour Cosmos EUR   5,112    2,703 
Valour Cronos (Cro) Sek   131,790    
-
 
Valour Curve DAO SEK   1,391,928    
-
 
Valour Digital Asset Basket 10 EUR   476,270    514,870 
Valour Digital Asset Basket 10 SEK   1,728,809    2,076,557 
Valour Dogecoin EUR   203,516    
-
 
Valour Dogecoin SEK   6,295,278    5,512,539 
Valour Ethereum Physical Staking USD   292,932    336,805 
Valour Enjin EUR   10,116    10,689 
Valour Ethena (Ena) Sek   324,078    
-
 
Valour Ethereum Zero EUR   2,527,907    2,293,175 
Valour Ethereum Zero SEK   58,650,705    65,394,894 
Valour Fantom SEK   292,946    913,954 
Valour Filecoin SEK   104,428    
-
 
Valour Flare SEK   38,686    
-
 
Valour Floki SEK   30,504    
-
 
Valour Four SEK   10,248    
-
 
Valour Hedera EUR   1,181,185    2,463,347 
Valour Hedera Physical Staking USD   2,431,247    4,462,562 
Valour Hedera SEK   4,672,437    7,957,619 
Valour Hyperliquid (Hype) Sek   763,491    
-
 
Valour ICP SEK   1,938,780    4,485,250 
Valour ICP USD   2,845,037    10,046,563 
Valour Immutable SEK   60,145    
-
 
Valour Injective SEK   1,446,640    1,135,831 
Valour Iota SEK   101,737    
-
 
Valour Jupiter SEK   569,432    422,782 
Valour Kaspa SEK   1,060,250    530,550 
Valour KRG BULL BTC X2 SEK   50,613    
-
 
Valour KRG BULL ETH X2 SEK   14,830    
-
 
Valour Lido SEK   290,233    68,585 
Valour Litecoin SEK   207,192    
-
 
Valour Mantle (Mnt) Sek   253,785    
-
 
Valour Mantra SEK   30,117    
-
 
Valour Near SEK   2,479,574    6,578,213 
Valour OKB SEK   29,248    
-
 
Valour Ondo (Ondo) Sek   614,176    
-
 
Valour Optimism SEK   19,050    
-
 
Valour Pendle SEK   338,093    157,125 
Valour Pepe SEK   137,595    
-
 
Valour Pi (Pi) Sek   25,329    
-
 
Valour Polkadot EUR   48,121    185,163 
Valour Polkadot SEK   5,705,512    17,577,389 
Valour Polygon SEK   23,902    
-
 
Valour PYTH SEK   276,689    346,458 
Valour Quant SEK   70,819    
-
 
Valour Render EUR   36,049    
-
 
Valour Render SEK   2,170,348    1,115,875 
Valour Ripple SEK   37,594,228    35,958,640 
Valour SEI SEK   1,810,747    848,165 
Valour Shiba Inu (Shib) Sek   51,886    
-
 
Valour Short BTC SEK   987,903    214,871 
Valour Sky SEK   37,632    
-
 
Valour Solana EUR   5,795,075    9,286,531 
Valour Solana SEK   169,092,078    302,344,070 
Valour Stacks SEK   9,172    
-
 
Valour Starknet SEK   216,327    97,429 
Valour Stellar SEK   724,295    
-
 
Valour Story SEK   7,514    
-
 
Valour Sui EUR   174,515    
-
 
Valour SUI SEK   25,440,018    45,854,560 
Valour Tether SEK   128,098    
-
 
Valour The Graph SEK   7,459    
-
 
Valour Theta SEK   26,660    
-
 
Valour Thorchain SEK   143,906    416,122 
Valour Toncoin SEK   721,620    2,215,154 
Valour Tron SEK   99,144    
-
 
Valour Uniswap EUR   289,717    249,785 
Valour Uniswap SEK   2,020,979    5,380,580 
Valour Unus Sed Leo SEK   5,265    
-
 
Valour Vechain (Vet) Sek   52,197    
-
 
Valour Virtuals SEK   1,172,290    
-
 
Valour Worldcoin SEK   950,460    105,712 
Valour Wormhole SEK   133,785    213,091 
    -      
    622,304,667    871,162,347 

The Company’s ETP certificates are unsecured and trade on the following European stock exchanges: Spotlight Exchange, Deutsche Borse Xetra, Gettex, Frankfurt Exchange, Euronext Amsterdam, Euronext Paris and Lang and Schwarz Exchanges and the B3 exchange in Brazil. The Company’s ETP certificates traded on the Nordic Growth Market (“NGM”) until September 2024. ETPs issued by the Company referencing the performance of digital assets are measured at fair value through profit or loss. Their fair value is a function of the unadjusted quoted price of the digital asset underlying the ETP, less any accumulated management fees. The fair value basis is consistent with the measurement of the underlying digital assets which are measured at fair value. The Company’s policy is to hedge 100% of the market risk by holding directly or indirectly the underlying digital asset. Hedging is done continuously and in direct correspondence to the issuance of certificates to investors.