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Valour Lists First Physically-Backed Bitcoin Staking ETP on London Stock Exchange

Key details on how the product’s 1.4% yield is generated remain undisclosed.

Overview

  • The 1Valour Bitcoin Physical Staking ETP (1VBS) began trading on the LSE Main Market for professional investors with GBP and EUR listings.
  • Each share is backed 1:1 by bitcoin held in institutional cold storage with Copper using MPC, and the issuer publishes daily NAV, bitcoin entitlements, and indicative prices.
  • The product advertises a 1.4% annual staking yield that accrues into NAV, but the launch materials do not specify the mechanism that produces the yield.
  • Retail investors in the UK remain restricted from purchase for now, with multiple reports indicating access could open on October 8, 2025 under updated FCA rules.
  • Reports differed on market reaction to the launch, with an initial post-announcement rise in DeFi Technologies’ shares noted and a later early-session decline also cited.