- Valour’s Bitcoin Carbon Neutral ETP becomes the 11th ETP offered by Valour
- Valour Bitcoin Carbon Neutral offers investors exposure to Bitcoin and presents a trusted investment method that benefits the environment and aligns with ESG goals by funding certified carbon removal and offset initiatives in order to neutralise the associated Bitcoin carbon footprint.
Valour Inc., a technology company and the first and only publicly traded company that bridges the gap between traditional capital markets, Web3 and decentralised finance, announced that it will debut its new Carbon Neutral Bitcoin Exchange Traded product on Börse Frankfurt.
Valour Bitcoin Carbon Neutral ETP provides investors with sustainable and climate-friendly exposure to Bitcoin with a low management fee of 1.49%. The ETP presents a trusted investment method that benefits the environment and aligns with ESG goals by funding certified carbon removal and offset initiatives in order to neutralise the associated Bitcoin carbon footprint.
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Valour has partnered with leading climate action infrastructure provider, Patch, in the structuring of the ETP. When investments are made in the Valour BTC Carbon Neutral ETP, all carbon emissions linked to the investment will be automatically targeted to achieve carbon neutral output using Patch’s API-based solution, which takes into account various inputs, such as the efficiency of mining equipment, distribution of hash power, and nation level carbon emission data, to estimate the amount of carbon emissions the Valour portfolio has.
To offset these emissions, Patch only selects high integrity projects that prevent, remove and sequester carbon dioxide from the atmosphere. Patch carefully selects projects, and ensures they have been vetted by qualified and recognized organisations and standards, including; Gold Standard, Climate Action Reserve, Verified Carbon Standard, BCarbon, American Carbon Registry and Puro.Earth. The criteria Patch uses to ensure projects deliver the highest impact are: additionality, real and verifiable permanence, and negativity.
“Valour strives to ensure that its offerings promote sustainable practices and contribute to efforts to build a carbon neutral crypto industry”, said Russell Starr, CEO of Valour. “As a proud signatory on the Crypto Climate Accord, Valour takes its ESG obligations seriously. We want to give retail and institutional investors, alike, the tools to partake in the exciting digital asset ecosystem and we are very proud to offer our first carbon neutral product.”
Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across four European exchanges.
Source: Valour