Apart from SBTC, the company offers access to other fully hedged digital asset ETPs, which come with competitive management fees, ensuring accessibility for a wide range of investors.
Cryptocurrency company Valour, a subsidiary of DeFi Technologies, has announced the launch of the first short spot exchange-traded product (ETP) for Bitcoin (BTC) in the Nordics market. The market consists of several countries such as Denmark, Norway, Sweden, and Finland.
Setting a New Standard
In an announcement on April 18, 2024, the company said the newly launched investment product, Valour Short Bitcoin (SBTC), will be traded under the ticker of the same name against the Swedish Krona.
The launch of the ETP aims to offer the Nordics indirect exposure to the digital asset market, allowing them to profit from or hedge against declines in the price of Bitcoin.
The innovative financial instrument is designed to inversely track BTC price movements. This means that when the price of the crypto asset goes down, the value of SBTC tends to go up, and vice versa. Valour said the product was built with experienced investors in mind, added with the flexibility to make timely adjustments to portfolios based on daily market performance.
Furthermore, the blockchain firm said it is setting a new standard for investment products in the Nordic region by being the first to introduce the SBTC into the market.
High Levels of Transparency
Commenting on the new offering, Johanna Belitz, the company’s head of sales in the Nordics, said she believes the product will appeal to investors within the location.
“Tailored for short-term strategic use, such as hedging existing portfolios, we are confident that this innovative product will strongly appeal to our trade-savvy community,” she said.
The company described the launch of the new ETP product as a “significant milestone in the availability of diverse financial products in the Nordic markets”. Valour disclosed that SBTC is designed to offer high transparency, security, and reliability to retail and institutional investors.
Fully Hedged Digital Asset ETPs
Apart from SBTC, the company offers access to other fully hedged digital asset ETPs, which come with competitive management fees, ensuring accessibility for a wide range of investors. These products cater to investors seeking exposure to various digital assets while minimizing costs. Valour’s product range extends across European exchanges, banks, and broker platforms, providing convenient access to the crypto market.
Some of the company offerings include Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), XRP, Enjin (ENJ) and Bitcoin Carbon Neutral (BTCN).
Valour said its flagship products, Bitcoin Zero and Ethereum Zero, are the first fully hedged, passive investment products based on Bitcoin and Ethereum, respectively. Unlike other ETP products, the flagship offerings have no management fees, making them attractive options for investors seeking fee-free exposure to these digital assets.
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