ETP Issuer Valour Launches Ethereum Staking ETP on London Stock Exchange

Valour, a Swiss digital asset investment firm under DeFi Technologies Inc., has introduced a fully backed Ethereum staking exchange-traded product (ETP) on the London Stock Exchange. This launch marks a significant milestone for institutional access to decentralized finance in the U.K.

Institutional Investors Gain Passive Exposure to Ethereum

The new Ethereum staking ETP offers institutional investors passive, non-leveraged exposure to Ethereum (ETH) while enabling them to earn staking rewards. The product is designed to comply with the Financial Conduct Authority’s regulations, ensuring a secure and compliant investment option.

Cold Storage and Staking Services

The ETH backing the ETP is held in cold storage by custodians Copper Markets AG, providing an added layer of security. Staking services are facilitated by Blockdaemon, a trusted provider in the staking ecosystem.

Bridging Traditional Finance and Digital Assets

This product launch follows the London Stock Exchange’s recent guidance on admitting physically-backed crypto ETPs. Olivier Roussy Newton, CEO of DeFi Technologies, highlighted that this ETP bridges the gap between traditional finance and digital assets, offering an efficient route for institutional investors to gain exposure to Ethereum and its staking benefits.

Expanding Crypto-Linked ETP Offerings

For Valour, this Ethereum staking ETP adds to their portfolio of over a dozen crypto-linked ETPs already available to investors. This expansion demonstrates Valour’s commitment to providing diverse and secure investment options in the rapidly growing cryptocurrency market.

Global Developments in Ethereum ETFs

This launch in the U.K. aligns with recent developments in the U.S., where the Securities and Exchange Commission approved Ethereum spot ETFs in mid-July, though these did not include staking rewards. Ethereum staking yields, currently around 3.19%, are expected to become more prominent as analysts predict a bull market driven by increased liquidity and favorable outcomes in the 2024 elections.

“The product bridges traditional finance and digital assets, offering institutional investors an efficient way to gain exposure to Ethereum and its staking benefits.”

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