Pi Network's Valour ETP Fails to Move Demand, ETF Hopes Remain

The Pi Network has seen the launch of the Valour ETP in Europe, but the product has failed to move demand, with only about $17,000 in assets under management and a 52.5% YTD return. The Pi coin itself has traded near $0.0869, down 1.77% in 24 hours. The question remains whether a full Pi ETF would be more successful, despite the lack of a filed application with the SEC. Analysts have called the idea premature, citing three key gaps: price discovery, custody, and oversight. The Valour experience suggests that access without liquidity changes little.

A Pi ETF would widen access, but the thin liquidity in the market would cut both ways. The upside would be steady demand, but it would depend on real interest. The Pi Network price today saw a slight dip, with a 1.7% drop in the last 24 hours, while the wider crypto market is up 1.23%. The data points to no single catalyst behind the dip.

The Pi Network has been making progress in other areas, with the Mainnet finishing the Protocol 27 upgrade in September and Testnet running Protocol 28. The protocol's upgrades aim to build utility, not brokerage access. The next major event is the Protocol 28 Mainnet and DEX update, set for October 16.