The London Stock Exchange has listed a new Bitcoin staking ETP introduced by Valour, a subsidiary of DeFi Technologies, signaling a step forward in the U.K.’s approach to digital assets.
The product, announced Thursday, offers institutional and professional investors a 1.4% annual yield backed by Bitcoin stored in cold wallets, with added security through multiparty computation technology. Retail investors will gain access from Oct. 8, when the U.K. removes its ban on crypto ETNs, in place since 2021.
While Bitcoin itself does not produce staking rewards, Valour’s ETP relies on alternative strategies, such as delegating coins on Core Chain, an EVM-compatible layer-1 backed by Bitcoin’s proof-of-work.
The firm has previously launched a similar ETP in France, where delegated staking powers its yield model. By offering a yield-bearing Bitcoin product on a major exchange, Valour is bridging traditional finance with innovative blockchain structures, providing investors with new avenues to earn returns on BTC.
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