Valour, a subsidiary of DeFi Technologies, has secured the listing of a carbon-neutral exchange-traded product (ETP) based on Bitcoin on the Frankfurt Stock Exchange.
According to the press release, trading in the instrument started on September 23. The management fee will be 1.49% of AUM.
Compliance with sustainability standards is achieved by funding certified emission offset initiatives associated with bitcoin mining.
The partner is the Patch platform, with which Andreessen Horowitz and other significant investors interact.
Per the press release:
“Patch’s API-based solution takes into account various inputs such as mining hardware efficiency, computing power distribution, and national carbon emissions data.”
