Gus – Cryptocurrency Expert
Valour, a subsidiary of DeFi Technologies, will premiere its new Carbon Neutral Bitcoin Exchange-Traded Product (ETP) on the Frankfurt Stock Exchange.
The company promotes its ETP as a "sustainable and environmentally friendly" exposure to Bitcoin with a management charge of 1.49%. (BTC). According to studies, supporting initiatives that are approved to reduce and offset carbon emissions is how the alignment with environmental, social, and corporate governance (ESG) goals is achieved in order to reduce the carbon footprint associated with Bitcoin.
The ETP was created in partnership by Valour and Patch, a platform that provides infrastructure for climate action and has previously worked with Andreessen Horowitz and other illustrious institutional investors. According to the announcement, all carbon emissions connected to the investment will be automatically targeted to achieve carbon neutral output using Patch's API-based solution, which considers a number of inputs, including the efficiency of mining equipment, the distribution of hash power, and nation level carbon emission data.
Patch will be in charge of choosing the projects based on their respect for the environment. "Additionality, genuine and verifiable permanency, and negativity" are some of these characteristics.
Avalanche (AVAX), Cosmos (ATOM), Cardano (ADA), Polkadot (DOT), Solana (SOL), Valour Binance (BNB), Valour Uniswap (UNI), and Enjin (ENJ) are just a few of the ETPs that Valour now offers.
Despite the collapse of the crypto market investment this year, demand for financial products tied to cryptocurrencies is still strong. The main cryptocurrencies, Bitcoin and Ether (ETH) are exposed in two new exchange-traded products (ETPs) that were introduced in July by the Swiss cryptocurrency investment business 21Shares. These products also attempt to reduce volatility by rebalancing assets to the US dollar.
If you would like to get ahead into cryptocurrency trading, and purchase Bitcoin or buy Ethereum, you can use one of the trusted cryptocurrency brokers – BC Bitcoin. It offers cheap cryptocurrency.