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DeFi Technologies’ subsidiary Valour has launched a Bitcoin staking exchange-traded product (ETP) on the London Stock Exchange, giving investors a fresh way to earn crypto yield. The product offers a 1.4% annual return and is secured by Bitcoin held in cold storage with multiparty computation (MCP) technology. Currently, access is limited to institutions and professional investors, while retail participation is expected after the UK lifts its ban on crypto ETNs on October 8.
Valour has not detailed how the yield will be generated, though a similar Bitcoin ETP in France uses Core Chain, an EVM-compatible blockchain backed by Bitcoin’s proof-of-work, for coin delegation. Shares of DeFi Technologies rose 5% on Nasdaq following the announcement, reflecting growing market interest in yield-bearing Bitcoin products.
The move comes as the United Kingdom signals a friendlier stance on digital assets. Reports suggest closer cooperation with the United States on crypto regulation, while trade groups are urging blockchain to be included in the UK’s tech innovation strategy.
