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ETP issuer Valor has launched a fully backed ethereum staked ETP on the London Stock Exchange, marking a critical step for institutional access to decentralized finance in the UK.
Valor, a Swiss digital asset investment company led by DeFi Technologies Inc., has introduced a physically backed ethereum (eth) exchange-traded product on the London Stock Exchange, providing institutional investors with passive exposure and unleveraged to eth while allowing them to earn staking rewards.
On September 30 ethereum-Physical-Staking-ETP-for-Professional-Investors-on-the-London-Stock-Exchange.html” target=”_blank”>Press releaseThe Swiss firm stated that the product complies with the stipulations of the Financial Conduct Authority and is backed by cold-stored eth by custodians Copper Markets AG, with staking services provided by Blockdaemon.
London welcomes first staking ethereum ETP
The launch follows LSE guidelines to support physically backed crypto ETPs. According to DeFi Technologies CEO Olivier Roussy Newton, the product bridges traditional finance and digital assets, offering institutional investors an efficient way to gain exposure to ethereum and its staking benefits. For Valor, this latest product joins more than a dozen cryptocurrency-linked ETPs already available to investors.
The move aligns with recent developments in the US, where the Securities and Exchange Commission approved ethereum spot ETFs in mid-July, albeit without staking rewards. ethereum staking returns, currently around 3.19% per ethereum-2-0″ target=”_blank”>data of Stake Rewards, expected to gain prominence as FalcoX analysts eth-staking-yields” target=”_blank”>predict a bull market driven by increased liquidity and favorable results in the 2024 elections.
