BTC: Bitcoin ETP is set to launch on European Stock Exchange

BTC: Bitcoin ETP is set to launch on European Stock Exchange

Valor Inc. Toronto-based (formerly known as DeFi Technologies Inc.) is set to launch a carbon-neutral Bitcoin exchange-traded product (ETP) on Börse Frankfurt, Germany's largest stock exchange.

Valor Inc & BTC Carbon Neutral ETP 

According to the press release, Valor Inc. was founded in 2019 and is the first and only publicly traded company to "bridge the gap between traditional capital markets and decentralized finance." The company aims to give customers access to the "future of finance" or web3 and decentralized technologies.

BTC Carbon Neutral ETP becomes the 11th Value ETP offering and will begin marketing the product.

Through the Carbon Neutral BTC ETP, Valor aims to provide clients with an investment product that is sustainable and aligned with ESG goals. According to the company, this benefits the environment while offsetting the carbon footprint associated with Bitcoin.

Russell Starr, CEO of Valor, said: “As a proud signatory of the Crypto Climate Compact, Valor takes its ESG obligations seriously. We want to provide institutional and retail investors and tools to participate in the exciting ecosystem of digital assets, and we are proud to offer the first carbon neutral product his ancestor".

Explain more about ETP

The investment in the ETP will fund certified offsetting and decarbonization initiatives with a low management fee of 1.49%. This will be achieved through Patch, a climate action infrastructure provider that Valor has partnered with for this ETP. 

To facilitate Valor's goal of being Carbon Neutral, Valor will select projects and ensure that they have been reviewed by qualified and accredited organizations and standards. Factors considered by Patch in selecting projects include complementarity, practical permanence, and verifiability.

Patch will further assess the carbon footprint of the Valor portfolio by looking at factors such as mining equipment performance, hash power distribution, and national carbon emissions data.

Increasing interest in ETPs

Major German banks Comdirect and Onvista announced last month that Value ETP and other crypto products will be made available to their retail customers in Germany. Bank customers will have the option to add value ETPs like Bitcoin Zero and Ethereum Zero to their portfolio. 

On August 24, Valor announced that they will be launching Binance Coin ETP on the Frankfurt Stock Exchange. This ETP tracks the price of BNB. According to the Valor website, the current fair value of the ETP is €2,805.

Such products benefit the entire crypto industry by not only introducing institutions to crypto products, but also by providing an environmentally conscious way to invest in cryptocurrencies like Bitcoin, which are often seen as energy-intensive assets. The growing popularity of sustainable crypto-related products will go a long way in fixing the industry's image.


Sep 24, 2022

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