Valour secures Frankfurt Stock Exchange listing for carbon-neutral Bitcoin ETP

Valour, the subsidiary of DeFi Technologies, has secured the listing on the Frankfurt Stock Exchange of a carbon-neutral Bitcoin-based exchange-traded product (ETP).

Trading of the instrument began on September 23. The management fee will be 1.49% of AUM.

Compliance with sustainable development standards is achieved through financing certified initiatives to offset emissions associated with Bitcoin mining.

The partner is the Patch platform, with which Andreessen Horowitz and other leading investors are involved.

“An API-based Patch solution takes into account various input data, such as mining equipment efficiency, the distribution of compute power, and national-level carbon-emission data”, according to the press release.

Earlier in February, the Frankfurt Stock Exchange added a Polkadot- and Cardano-based ETP from Valour to its listing.

Earlier, the firm secured a listing for a Solana-based, similar instrument.

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