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.