Summary
- DeFi Technologies’ subsidiary Valour said it has received approval from the UK FCA to offer crypto ETPs to retail investors.
- It said the “1Valour Bitcoin (BTC) Physical Staking” and “1Valour Ethereum (ETH) Physical Staking” products began trading on the London Stock Exchange (LSE).
- It said the products, linked to physical Bitcoin and Ethereum, are an example of expanding retail investors’ access to digital-asset exposure within the UK’s regulated financial markets.
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According to cryptocurrency industry media outlet Cointelegraph on the 26th (local time), Valour, a subsidiary of digital-asset ETP issuer DeFi Technologies, has received approval from the UK Financial Conduct Authority (FCA) to offer crypto ETPs to retail investors.
Following the approval, the “1Valour Bitcoin (BTC) Physical Staking” and “1Valour Ethereum (ETH) Physical Staking” products began trading on the London Stock Exchange (LSE) on the 26th (local time).
The products are structured to track physical Bitcoin and Ethereum, and are designed to give UK retail investors access to digital-asset exposure within regulated financial markets. The approval is seen as expanding the range of crypto-linked exchange-traded products available to retail investors in the UK.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
