European stock exchange to list Bitcoin carbon neutral ETP

Published at: Sept. 23, 2022

A subsidiary of DeFi Technologies, Valour, will debut its new Carbon Neutral Bitcoin Exchange Traded Product (ETP) on the Frankfurt Stock Exchange. Trading of the ETP begins on Sept. 23. 

The company positions its ETP as a “sustainable and climate-friendly” exposure to Bitcoin with a management fee of 1.49%. The alignment with global environmental goals and Environmental, Social and Corporate Governance (ESG) is reportedly achieved through funding certified carbon removal and offset initiatives to neutralize the associated BTC carbon footprint.

To structure the ETP, Valour partnered with Patch — a platform that provides climate action infrastructure and has previously worked with Andreessen Horowitz and other notable institutional investors. The announcement states:

“All carbon emissions linked to the investment will be automatically targeted to achieve carbon neutral output using Patch's API-based solution, which takes into account various inputs, such as the efficiency of mining equipment, distribution of hash power, and nation level carbon emission data, to estimate the amount of carbon emissions the Valour portfolio has.”

Patch will be responsible for selecting the projects upon based on their environmental integrity. These criteria will include “additionality, real and verifiable permanence, and negativity.”

Related: ‘Market will decide’ on post-Merge Ethereum ETPs, says crypto executive

Valour’s existing soffering of ETPs includes Valour Binance (BNB), Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM) and Enjin (ENJ). In March 2022, the company reported that it has reached $274.2 million in assets under management.

Despite crypto markets tanking this year, the interest in crypto-related financial products isn't fading. In July, Swiss crypto investment firm 21Shares launched two new ETPs offering investors exposure to the largest cryptocurrencies — Bitcoin (BTC) and Ether (ETH) — while aiming to soften volatility via rebalancing assets to the United States dollar.

Tags
Etf
Business
Defi
Finance
Related Posts
Goldman Sach's new 'DeFi' ETF is anything but
The proposed fund, dubbed the Goldman Sachs Innovate DeFi and Blockchain Equity ETF, strives to track the Decentralized Finance and Blockchain Index from German financial indices provider, Solactive. The fund will invest at least 80% of its assets into securities, stocks, and depository receipts featured in the index. The filing asserts the index seeks to offer exposure to firms aligned with two key narratives: “the implementation of blockchain technology,” and “the digitalization of finance.” As of July 23, the top stocks included in Solactive’s decentralized finance index included Nokia, Facebook, Google, Accenture, and Fujitsu — each of which represented between …
Etf / July 27, 2021
Unitize Roundup: Top 10 Quotes From the Virtual Blockchain Conference
The five-day Unitize virtual blockchain conference organized by BlockShow and San Francisco Blockchain Week ended with the final session on Friday. The event saw appearances from Heath Tarbert, the chairman of the Commodity Futures Trading Commission; Vitalik Buterin, a co-founder of Ethereum; and Tim Draper, a serial blockchain investor, as well as other speakers from a diverse pool of market segments both within and outside the crypto space. Blockchain adoption, decentralized finance, central bank digital currencies and the future of Bitcoin (BTC) dominated the conversation in many of the panels. The event also saw speakers chart possible paths forward for …
Adoption / July 12, 2020
Report: ICO Fundraising Plummeted 95% Year-Over-Year in 2019
A report published by research firm CB Insights has found that equity funding has dramatically overtaken initial coin offerings (ICOs) as the dominant means of finance in the blockchain space. While the largely unregulated ICO boom of 2018 raised $7.8 billion, initial coin offering funding fell more than 95% to raise $371 million in 2019. By contrast, equity funding raised $2.8 billion last year. The report also notes the rise of decentralized finance (DeFi), noting that there are currently more than $1 billion in assets on DeFi platforms — up from $300 million as of January 2019. Crypto firms are …
Decentralization / March 23, 2020
The battle of banks vs. DeFi is a win for individual crypto investors
The state of banking and finance today presents a complex labyrinth that even seasoned bankers struggle to navigate. Despite appearances, there is a method to this madness. As Nobel Prize winners like Muhammad Yunus and Joseph Stiglitz have cautioned in the past: central banking, in particular, has morphed to keep the status quo in check. Or, in the words of Mike Maloney, an expert on monetary history and economics: It is “the biggest scam in the history of mankind.” Maloney reasons that giving a small group of unelected individuals the keys to the monetary printing press will undoubtedly rot away …
Decentralization / Dec. 19, 2021
Terra injects 450M UST into Anchor reserve days before protocol depletion
In a tweet published early Friday, Do Kwon, founder of Terraform Labs, the entity developing the Terra Luna (LUNA) and Terra USD (UST) stablecoin ecosystem, announced the injection of 450 million UST ($450 million) into the Anchor protocol's reserves. The proposal passed a vote by the Luna Foundation Guard on Feb.10. Anchor serves as the flagship savings protocol of the Terra ecosystem, offering users of up to 20% interest per annum on their UST deposits, paid for by borrowers. Funded. pic.twitter.com/NLvnSa0bBu — Do Kwon (@stablekwon) February 18, 2022 The protocol's reserves had recently dwindled to as low as $6.56 million …
Technology / Feb. 18, 2022