Bitcoin Staking Exchange-Traded Product Introduced by London Stock Exchange
Valour Launches Bitcoin Staking ETP on London Stock Exchange
Valour, a subsidiary of DeFi Technologies, has introduced a Bitcoin staking exchange-traded product (ETP) on the London Stock Exchange. The announcement was made on Thursday, strategically timed ahead of the UK lifting its ban on crypto ETNs for retail investors, scheduled for October 8.
The Bitcoin staking ETP, listed on the London Stock Exchange, offers an annual return of 1.4%. It uses multi-party computation (MPC) technology for security, ensuring the safe Bitcoin staking. The ETP is designed for institutional and professional investors, making it an attractive option for these market segments.
The launch of this Bitcoin staking ETP is a significant move for Valour and DeFi Technologies. Shares in the parent company closed up 5% following the news of the launch, indicating a positive response from the market.
It's worth noting that the founder or chief of Valour, the company that launched the new Bitcoin staking ETP, is not explicitly named in the search results. However, Valour is described as the DeFi subsidiary that introduced the product.
The Bitcoin staking ETP is backed by cold-stored Bitcoin, adding another layer of security to the investment. This move is expected to make Bitcoin staking more accessible to institutional and professional investors, potentially increasing the adoption of Bitcoin and other cryptocurrencies.
With the UK lifting its ban on crypto ETNs for retail investors, it's likely that we'll see more products like this launch in the near future, making Bitcoin investment more mainstream.
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