Valor Digital Securities, a subsidiary of Defi Technologies (DEPT), debut his bitcoin BTC$ 116,177,83 Setting up Exchange-Traded Product (ETP) on the London Stock Exchange and expanded the reach of a product that started acting in Germany almost a year ago.
The 1valour Bitcoin Physical STACK (1VBS) product offers professional and institutional investors exposure to Bitcoin with an additional annual deployment yield of 1.4% and is available on the Xetra platform of Deutsche Börse since November 5, 2024. It is now trading on several European Exchanges.
Each share is supported 1: 1 with Bitcoin in cold storage by copper. The yield is added to the net asset value (NAV), which is published daily, together with rights and indicative prices.
Defi Technologies shares fell 3.12% to $ 2.63 in the early Nasdaq trade.
Access to the new London-Gentered ETP is limited to professional investors under current British rules. Retail investors have access to crypto-exchange notes (ETNs) on recognized investment fairs such as the LSE from 8 October, according to the Financial Conduct Authority (FCA) rules.
