Valour launched a fully supported Ethereum staking ETP on the London Stock Exchange, enabling institutional access to decentralized finance in the UK.
With the launch of a physically-backed Ethereum staking exchange-traded product on the London Stock Exchange, Valour, a Swiss digital asset investment company managed by DeFi Technologies Inc., has given institutional investors a passive, non-leveraged exposure to ETH while also giving them a chance to earn staking rewards.
The Swiss company said in a press statement on September 30 that the product complies with the regulations the Financial Conduct Authority set forth.
It is backed by ETH stored in cold storage by custodians Copper Markets AG, and Blockdaemon offers staking services.
London Welcomes First Ethereum ETP with Staking
It is launched in accordance with LSE guidelines for accepting crypto ETPs with physical backing.Â
Olivier Roussy Newton, CEO of DeFi Technologies, claims that the solution connects traditional finance and digital assets, providing institutional investors with a cost-effective means of exposure to Ethereum and the advantages of staking.
This newest offering from Valour joins the more than a dozen cryptocurrency-linked ETPs that investors may currently purchase.
The action is in line with recent events in the United States, where Ethereum spot ETFs were approved by the Securities and Exchange Commission in mid-July, despite the lack of staking rewards.
According to data from Staking Rewards, ethereum staking rates, which are presently at 3.19%, are anticipated to rise as FalcoX analysts project a bull market propelled by greater liquidity and successful results in the 2024 elections.
