All Articles

The World's First Yield Generating Bitcoin ETP Is Here

May 15, 2024
x min read

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 what’s next. The world’s biggest ideas, disruptive trends, most exciting early stage companies and groundbreaking entrepreneurs.

By clicking Subscribe you're confirming that you agree with our Privacy Policy.
Thanks for subscribing!
Keep an eye out for a welcome email shortly.
Oops! Something went wrong while submitting the form.