Valour Launches Bitcoin Staking ETP on London Stock Exchange

Valour Digital Securities, part of DeFi Technologies (DEFT), launched its bitcoin staking exchange-traded product (ETP) on the London Stock Exchange. This marks an expansion from its initial launch in Germany nearly a year ago.

The 1Valour Bitcoin Physical Staking (1VBS) product offers professional and institutional investors exposure to bitcoin with a 1.4% annual staking yield.
Available on Deutsche Börse’s Xetra since Nov. 5, 2024, it now trades on multiple European exchanges.
Each share is backed 1:1 with bitcoin held in cold storage by Copper, and the yield is added to the net asset value (NAV), updated daily.

DeFi Technologies' shares decreased by 3.12%, trading at $2.63 on Nasdaq.

Access to the new ETP is currently available only to professional investors under U.K. regulations. Retail investors will gain access to crypto exchange-traded notes (ETNs) on recognized investment exchanges like the LSE starting Oct. 8, as per Financial Conduct Authority (FCA) rules.