Boost Your Crypto Portfolio: Bitcoin Fund Investment & Yield Earnings Now Available in Nordic Countries (BTC)

  • Canadian fintech firm DeFi Technologies has launched the world’s first yield-bearing Bitcoin ETP through its subsidiary, Valour.
  • The ETP offers investors exposure to Bitcoin and a 5.65% yield, provided they are located in the Nordic markets.
  • The product is a result of a collaboration with Core Chain, a Bitcoin-powered blockchain network compatible with the Ethereum Virtual Machine.

DeFi Technologies, a Canadian fintech firm, introduces the world’s first yield-bearing Bitcoin ETP, offering investors a unique opportunity to gain Bitcoin exposure while earning a substantial yield.

DeFi Technologies Launches World’s First Yield-Bearing Bitcoin ETP

DeFi Technologies announced on Tuesday that its subsidiary, Valour, has launched the world’s first yield-bearing Bitcoin ETP. The company revealed exclusively to CoinOtag that investors will gain exposure to BTC and earn a 5.65% yield, provided they are located in its Nordic markets. The new Valour BTC ETP began trading on May 10 on the Nordic Growth Market exchange and charges a 1.9% management fee.

Collaboration with Core Chain

The investment vehicle is a result of a collaboration with Core Chain, a Bitcoin-powered blockchain network compatible with the Ethereum Virtual Machine. Valour’s BTC ETP generates yield by delegating Bitcoins to validators on the Core Chain through non-custodial, native Bitcoin staking. The staked Bitcoin earns staking rewards paid out in CORE tokens, the native asset of the Core blockchain, which are then reinvested into the ETP.

Security and Custodial Control

DeFi Technologies ensures that its security setup avoids the risks of Bitcoin staking by maintaining custodial control during the stake transaction, which includes a lockup period tied to specific Core validator and reward addresses. During the lockup period, the Bitcoins cannot be transferred or slashed, and only the owner can transfer the Bitcoins once the lockup period expires.

Conclusion

The launch of the Valour BTC ETP comes at a time when traditional financial institutions and investors are seeking exposure to Bitcoin and other cryptocurrencies, rather than direct holdings. Offering a yield component on top of Bitcoin exposure could further attract interest, albeit only within a regional market. This innovative product brings a new level of accessibility and sustainable yield to Bitcoin holders.

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Merritt Vale
Merritt Valehttps://en.coinotag.com/
Merritt Vale is a 24-year-old woman who has a strong affinity for the Dogecoin community and has a particular love for the altcoin Shiba. With a passion for understanding the latest trends and developments in the cryptocurrency industry, Merritt provides fresh perspectives and valuable insights to her readers.
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