All Articles
Crypto

The World's First Yield Generating Bitcoin ETP Is Here

May 15, 2024
x min read
The World's First Yield Generating Bitcoin ETP Is Here

There’s a new way to generate yield from Bitcoin ownership.

What’s happening:

  • DeFi Technologies (CBOE: DEFI) has announced they have launched the first ever Exchange Traded Product that generates yield from Bitcoin ownership
  • The new Exchange Traded Product is operated by DeFi Technologies's subsidiary Valour in partnership with Core Foundation

How it works:

  • Valour’s Bitcoin Staking Exchange Traded Product streamlines the process of delegating individual Bitcoin to Core Foundation's validators
  • Core Foundation manages this entire process to ensure there is custodial control and full security at all times so that ownership is never at risk during staking
  • Once an individual Bitcoin is staked to a validator on the Core Chain, yield is generated through rewards paid in Core’s native crypto token
  • The tokens generated as a reward for staking are then seamlessly reinvested back into the underlying product

By the numbers:

  • DeFi Technologies’s Bitcoin Staking Exchange Traded Product generates approximately 5.65% in yield

Why it matters:

  • Spot Bitcoin ETFs entering traditional public markets have become one of the largest catalysts for crypto, with major asset managers launching spot Bitcoin ETFs in the United States and Hong Kong

Going deeper:

  • DeFi Technologies currently operates a variety of digital asset focused Exchange Traded Products listed on the Nordic Growth Market, including Exchange Traded Products for popular decentralized finance projects such as Solana, Avalanche, Polkadot, Ripple, Cosmos and others

Discover the world's most disruptive early stage companies with 35,000+ investors.

The markets and trends that matter, made simple.

Join top talent at the world's most respected institutions, companies, and venture capital funds.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.