Valour debuts physically-backed Ethereum staking ETP on LSE

ETP issuer Valor has launched a fully supported Ethereum staking ETP on the London Stock Exchange, marking a significant step for institutional access to decentralized finance in the UK

DeFi Technologies Inc. Valour, a Swiss digital asset investment company managed by , has launched a physically backed Ethereum (ETH) staking exchange-traded product on the London Stock Exchange, offering institutional investors passive, leverage-free exposure to ETH while also allowing . To earn staking rewards.

In a September 30 press release, the Swiss firm stated that the product complies with Financial Conduct Authority requirements and is backed by ETH held in cold storage by Custody Copper Markets AG and staking services provided by Blockdaemon.

London welcomes first Ethereum ETP with staking

The launch follows LSE’s guidance on the adoption of physically backed crypto ETPs. According to Olivier Roussy Newton, CEO of DeFi Technologies, the product bridges traditional finance with digital assets, offering institutional investors an effective way to benefit from Ethereum and its staking benefits. For Valour, this latest product is in addition to more than a dozen crypto-related ETPs already available to investors.

This move is in line with recent developments in the US, where the Securities and Exchange Commission approved Ethereum spot ETFs without staking rewards in mid-July. As FalcoX analysts predict a bull market driven by increased liquidity and positive outcomes in the 2024 elections, Ethereum staking returns, currently around 3.19% per data from Staking Rewards, are expected to gain significance.