Valour has expanded its crypto exchange-traded product (ETP) suite with the launch of an ethereum sticking ETP.
The 1Valour Ethereum Physical Staking ETP (1VET) is listed on the Deutsche Boerse with a total expense ratio of 1.49%.
1VET will allow investors to participate in the performance of ethereum while also benefitting from the potential yield income from staking.
Staking is the process of depositing crypto assets on the blockchain to validate transactions, generating a premium that is returned to investors.
Valour did not state how much investors can expect to receive from staking proceeds but said it could implement a temporary or permanent” reduction in the management fee or an “adjustment to the digital asset entitlement”, the amount of ethereum an investor holds.
It is the firm’s second ethereum ETP after it launched the Valour Ethereum Zero in December 2021, which has a management fee of 0%.
It takes the number of ETPs in Valour’s crypto range to 13, having launched the Valour Bitcoin Carbon Neutral ETP (1VBT) in June.
Domiciled in Jersey, GHCO will act as the market maker on the product.
