Toronto-based technology company Valour Inc. has announced its intention to launch Carbon Neutral Bitcoin Exchange Traded Product (ETP), on Börse Frankfurt, the largest stock 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 fee starting from September. Therefore, the company has made Bitcoin Carbon Neutral ETP of Valour the eleventh ETP.
Onvista and Comdirect, two of the most prominent German banks, announced in August that they would provide their German retail customers with access to Valour’s ETPs. Clients of banks will also have the option to add Valour’s ETPs (such as Bitcoin Zero) and other cryptocurrency services. Ethereum Zero in their investment accounts.
ETP is a reliable and stable investment strategy that compensates for Bitcoin’s carbon footprint. It funds approved carbon offset and carbon removal projects.
Valour Forms Partnerships with Patch To Structure ETP
Valour, as part of the ETP structure, has formed a partnership to Patch, a leading provider of infrastructure for climate action.
It is interesting to note that Patch’s API-based solution estimates the Valour portfolio’s carbon emissions based on various inputs, such as the efficiency and distribution of hashpower, and national-level carbon emission data.
Valour BTC Carbon Neutral Investments will immediately reduce carbon emissions. Patch selects only high-integrity projects to sequester, prevent, and remove carbon dioxide from the atmosphere.
Russell Starr, CEO of Valour stated, “As a proud signatory on the Crypto Climate Accord, Valour takes its ESG obligations seriously. We want to give retail and institutional investors, alike, the tools to partake in the exciting digital asset ecosystem and we are very proud to offer our first carbon neutral product.”
Valour offers fully levered ETPs for virtual assets with minimal to zero management fees. It also has products listed on four European markets. The company is supported by an innovative and renowned team that has years of experience in digital assets and financial markets.
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