DeFi
DeFi Technologies Subsidiary Valor Inc. Launches First Short-Term Bitcoin ETP in Nordics
- Innovative Bitcoin financial product: DeFi Technologies, through its subsidiary Valor, has launched the first Short Spot Bitcoin ETP in the Nordics, known as Valor Short Bitcoin (SBTC) SEK (ISIN: CH1149139649), offering investors a new way to profit from or protect against Bitcoin price movements. .
- Strategic market placement: The Short Spot Bitcoin ETP is now traded on the Nordic Growth Market, inversely tracking the Bitcoin price and providing experienced investors with strategic opportunities for portfolio management.
TORONTO, April 18, 2024 /PRNewswire/ – DeFi Technologies Inc. (the “Business” Or “DeFi Technologies“) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a fintech company pioneering the convergence of traditional capital markets with the world of decentralized finance (“Challenge“), is pleased to announce that its subsidiary Valor Inc. (“Value“), a major issuer of exchange-traded products (“AND P“) which provide simplified access to digital assets, innovates in the Nordic financial markets with the launch of the region’s first Short Spot Bitcoin ETP.
THE Valor Short Bitcoin ETP, known as Valor Short Bitcoin (SBTC) SEK (ISIN: CH1149139649), is an innovative financial instrument that inversely tracks the price movements of Bitcoin. This ETP allows investors to profit from or protect against the decline in the market price of Bitcoin. Designed for experienced investors, Valor Short Spot Bitcoin provides strategic investment opportunities and the flexibility to make timely adjustments to portfolios based on daily market movements.
“As the first to offer a Short Spot Bitcoin ETP in the Nordics, we are setting a new standard for investment products in the region,” said Johanna Belitz, Head of Valor Sales in the Nordics. “Designed for short-term strategic use, such as hedging existing portfolios, we are confident that this innovative product will greatly appeal to our community of discerning traders.”
The introduction of the Valor Short Bitcoin ETP marks an important milestone in the availability of various financial products in the Nordic markets, offering high levels of transparency, security and reliability, as well as competitive management fees.
About DeFi technologies
DeFi Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF) is a fintech company pioneering the convergence of traditional capital markets with the world of decentralized finance (DeFi). Focusing specifically on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Supported by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. Join the DeFi Technologies digital community on Linkedin And Twitterand for more details visit https://defi.tech/
About Valor
Valor Inc. and Valor Digital Securities Limited (together, “Value“) issues exchange-traded products (“AND P”) which allow individual and institutional investors to access digital assets like Bitcoin simply and securely through their traditional bank account. Valor is part of the asset management business segment of DeFi Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF).
In addition to their new physical-backed digital asset platform, which includes 1Valor Bitcoin Physical Carbon Neutral AND P, 1Valor Ethereum physical stakingAnd Physical Staking of 1Valour Internet Computers, Valor offers fully hedged digital asset ETPs with low to no management fees, with product listings on European exchanges, banks and brokerage platforms. Valor’s existing product line includes Valor Uniswap (United), Cardano (ADA), Peas (POINT), Solana (GROUND), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Enjin (ENJ), carbon-neutral Bitcoin (BTCN), Valor 10 Digital Asset Basket (VDAB10) And 1Valor STOXX Bitcoin Switzerland Blue Chip Digital Asset ETP with low management fees. Valor’s flagship products are Bitcoin Zero and Ethereum Zero, the first passive investment products fully hedged with Bitcoin (BTC) and Ethereum (ETH) as completely free underlyings.
For more information, to subscribe, or to receive company updates and financial information, visit value.com.
Cautionary Note Regarding Forward-Looking Information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the Valor Short Bitcoin ETP, the development and listing of future ETPs; the regulatory environment as it relates to the growth and adoption of decentralized finance; the pursuit by DeFi and its affiliates of business opportunities; and the merits or potential returns of such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, but are not limited to, acceptance of Valor exchange-traded products by exchanges; the growth and development of the decentralized finance and cryptocurrency sector; rules and regulations regarding decentralized finance and cryptocurrency; general uncertainties related to business, economics, competition, politics and society. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be those contained in forward-looking information. anticipated, estimated or hoped for. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update any forward-looking information except in accordance with applicable securities laws.
SOURCE DeFi Technologies Inc.