DeFi Technologies has made a significant stride in the cryptocurrency market with the launch of the world's first physically backed Bitcoin Staking exchange traded product. This innovative offering, named 1Valour Bitcoin Physical Staking (1VBS), aims to provide professional investors with a secure and yield-generating investment option in Bitcoin. The report highlights positive developments indicating that this product could reshape the landscape of Bitcoin investments.
Introduction of 1VBS Product
The 1VBS product is designed to offer a modest annual yield of 14%, while being fully backed by actual Bitcoin stored in cold storage by the institutional custodian Copper. This ensures a high level of security for investors, addressing one of the primary concerns in the crypto space.
Expansion of Valour Digital Securities
With this launch, Valour Digital Securities expands its Nordic product suite to a total of
- 85 exchange traded products (ETPs) across Europe
Currently, as REXOsprey's Ethereum Staking ETF paves the way for broader participation in the cryptocurrency market, other significant developments are also unfolding. For instance, BlackRock is actively navigating the regulatory landscape for its Bitcoin Premium Income ETF, while BlockDAG has announced the upcoming launch of its Awakening Testnet. These advancements, along with Mono Protocol's recent $2 million funding and Upbit's expansion to include four new cryptocurrencies, highlight the increasing demand for diverse digital assets. For more insights into these exciting changes, you can read our latest article here.
