Internet Computer (ICP) Gains Institutional Traction With New Staking ETP Listing in Switzerland
Internet Computer (ICP) extended its upward momentum on Wednesday, rising nearly 1% over 24 hours and holding firm above the $5.50 level. The token benefited from renewed investor interest as broader altcoin markets rallied, particularly in sectors linked to AI and staking.
The latest boost came from Valour, a subsidiary of DeFi Technologies (DEFT), which launched the 1Valour Internet Computer ETP on the SIX Swiss Exchange. This marks the first regulated product in Switzerland offering institutional investors direct exposure to native ICP staking rewards.
The ETP provides a compliant, exchange-traded vehicle for accessing blockchain yield—enhancing ICP’s visibility among traditional investors and reinforcing its appeal amid the growing intersection of decentralized finance and AI.
Technical data from CoinDesk Research shows ICP traded within a $0.29 band—ranging from $5.49 to a session high of $5.77—reflecting over 5% intraday volatility. Significant support formed at $5.52 and $5.61, where institutional-scale buying drove volume above 1.7 million tokens combined.
Further bolstering sentiment was the launch of Caffeine, a new AI-powered development platform on ICP that allows dapp creation via natural language—positioning the token at the convergence of two surging narratives: AI and blockchain staking.
Technical Highlights:
- Price Range: $5.49 to $5.77 (5.12% spread)
- Support Zones: $5.52 and $5.61 with strong accumulation
- Key Breakout Activity: 121K tokens traded in one minute at $5.65
- Late-session Pullback: Slid from $5.68 to $5.56, closed near $5.59
- Current Price: $5.5883, eyeing a potential move above $5.77 resistance
With institutional access expanding and momentum building around AI-aligned projects, ICP is positioning itself for further upside in the evolving altcoin cycle.
