Toronto-Based Valour Inc to Launch Bitcoin ETP Börse Frankfurt

Toronto-based technology company Valour Inc. has announced its intention to launch Carbon Neutral Bitcoin Exchange Traded Product (ETP), on Börse Frankfurt, the largest stock exchange in Germany. 


According to a press release, German investors can now buy the Bitcoin Carbon Neutral ETP on Börse Frankfurt, the country’s largest exchange, for just 1.49% in management fee starting from September. Consequently, Bitcoin Carbon Neutral ETP from Valour becomes the eleventh ETP to be introduced by the firm. 

Recall that leading German banks Comdirect and Onvista announced back in August that they would start providing their retail customers in Germany access to Valour’s ETPs and other cryptocurrency services. Similarly, bank clients will be able to include Valour’s ETPs, such as Bitcoin Zero and Ethereum Zero, in their investment accounts.

Furthermore, to compensate for the carbon footprint linked with Bitcoin, the ETP offers a stable and reliable investment strategy that supports the environment and is in line with ESG objectives by funding approved carbon removal and offset projects.

Valour Forms Partnership with Patch To Structure ETP 

As part of the ETP’s structure, Valour has formed a partnership with Patch, a top provider of infrastructure for climate action. 

Interestingly, using Patch’s API-based solution, which estimates the number of carbon emissions the Valour portfolio has based on various inputs such as the efficiency of mining equipment, the distribution of hash power, and nation-level carbon emission data.

All carbon emissions associated with investments made in the Valour BTC Carbon Neutral ETP will instantly be tailored to accomplish carbon-neutral output. likewise, to offset these emissions, Patch only selects high-integrity projects that prevent, remove and sequester carbon dioxide from the atmosphere.

Russell Starr, CEO of Valour stated, “As a proud signatory on the Crypto Climate Accord, Valour takes its ESG obligations seriously. We want to give retail and institutional investors, alike, the tools to partake in the exciting digital asset ecosystem and we are very proud to offer our first carbon neutral product.”

Valour provides fully levered virtual assets ETPs with minimal to no management fees and has products listed on four European exchanges. The technology company was established back in 2019 and is supported by a renowned and innovative team with years of experience in the financial markets and digital assets.

Image source: Shutterstock


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Investment product issuer 21Shares will list Bitcoin ETP on Aquis Exchange

Switzerland-based 21Shares, formerly known as Amun, has said it will make its Bitcoin (BTC) exchange-traded product available to traders in the United Kingdom through the Aquis Exchange.

According to an announcement from 21Shares, its Bitcoin exchange-traded product, or ETP, will be available to professional investors on the Aquis Exchange this summer. U.K.-based firm GHCO will be acting as the crypto ETP’s liquidity provider, with 21Shares saying the product would be “engineered like an [exchange-traded fund].”

“ETPs trade on exchanges in a similar manner to a listed stock and institutional investors in the U.K. will get exposure to Bitcoin via a regulated framework and structure which they are already accustomed to,” said 21Shares. “The ETP has been designed to provide institutional U.K. investors with secure and cost-effective exposure to Bitcoin without the associated Bitcoin custody and security challenges.”

21Shares reported more than $1.5 billion in assets under management across 14 ETPs available on European stock exchanges. One unit of the firm’s Bitcoin ETP on Aquis will reportedly represent exposure to 0.00035 BTC, or roughly $12.54, at the time of publication.

A few companies have begun expanding their crypto products to the U.K. market. Also on Monday, crypto investment manager ETC Group’s Bitcoin ETP began trading on the Aquis Exchange in London and Paris. However, the country’s financial watchdog, the Financial Conduct Authority, banned the sale of crypto derivatives to retail traders in January.