Toronto-based Valor Inc launches Bitcoin ETP Börse Frankfurt
Toronto-based technology company Valor Inc. has announced its intention to launch its Carbon Neutral Bitcoin Exchange Traded Product (ETP), on Börse Frankfurt, the largest exchange in Germany.
According to a press release, German investors can now buy the Bitcoin Carbon Neutral ETP on Börse Frankfurt, the country’s largest exchange, for just 1.49% in management fees as of September. Consequently, the Bitcoin Carbon Neutral ETP from Valor becomes the eleventh ETP to be introduced by the firm.
Remember that the leading German banks Comdirect and Onvista already announced in August that they would start giving their retail customers in Germany access to Valours ETPs and other cryptocurrency services. Similarly, bank customers will be able to include Valour’s ETPs, such as Bitcoin Zero and Ethereum Zero, in their investment accounts.
Furthermore, to offset the carbon footprint associated with Bitcoin, ETP offers a stable and reliable investment strategy that supports the environment and is in line with ESG goals by financing approved carbon removal and compensation projects.
Valor forms partnership with Patch To Structure ETP
As part of ETP’s structure, Valor has formed a partnership with Patch, a leading provider of climate action infrastructure.
Interestingly, it uses Patch’s API-based solution, which estimates the number of carbon emissions the Valor portfolio has based on various inputs such as the efficiency of mining equipment, distribution of hash power, and national-level carbon emissions data.
All carbon emissions associated with investments made in the Valor BTC Carbon Neutral ETP will immediately be tailored to achieve carbon neutral production. Likewise, to offset these emissions, Patch only selects high-integrity projects that prevent, remove and sequester carbon dioxide from the atmosphere.
Russell Starr, CEO of Valor stated: “As a proud signatory to the Crypto Climate Accord, Valor takes its ESG commitments seriously. We want to give both private and institutional investors the tools to participate in the exciting digital asset ecosystem, and we are very proud to offer our first carbon neutral product.”
Valor offers virtual asset ETPs fully with minimal or no management fees and has products listed on four European exchanges. The technology company was established back in 2019 and is supported by a recognized and innovative team with many years of experience in the financial markets and digital assets.
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