Toronto-based technology firm Valor Inc. has announced its intention to launch a carbon-neutral Bitcoin exchange-traded product (ETP) on Börse Frankfurt, Germany’s largest stock exchange.

According to a press release, German investors can now buy the Bitcoin Carbon Neutral ETP on Börse Frankfurt, the country’s largest exchange, for just a 1.49% management fee starting in September. Accordingly, Bitcoin Carbon Neutral Value ETP becomes the 11th ETP to be introduced by the company.

Recall that major German banks Comdirect and Onvista announced in August that they would begin providing their retail clients in Germany with access to Valor ETPs and other cryptocurrency services. Similarly, bank customers will be able to list Value ETPs such as Bitcoin Zero and Ethereal Zero, in your investment accounts.

Additionally, to offset the carbon footprint associated with Bitcoin, the ETP offers a stable and reliable investment strategy that supports the environment and is in line with ESG goals by financing approved carbon offset and removal projects.

Valor partners with Patch To Structure ETP

As part of the ETP structure, Valor has partnered with Patch, a leading provider of infrastructure for climate action.

Interestingly, the use of Patch’s API-based solution, which estimates the amount of carbon emissions that the Valor portfolio has based on various data, such as the efficiency of mining equipment, the distribution of hashing power, and the carbon emissions data at the national level.

All carbon emissions associated with investments made in Valor BTC Carbon Neutral ETP will be instantly tailored to achieve carbon neutral production. Additionally, to offset these emissions, Patch only selects high-integrity projects that prevent, remove, and sequester carbon dioxide from the atmosphere.

Russell Starr, CEO of Valor, stated: “As a proud signatory to the Crypto Climate Accord, Valor takes its ESG obligations seriously. We want to give retail and institutional investors alike the tools to participate in the exciting ecosystem of digital assets and we are very proud to offer our first carbon neutral product.”

Valor provides fully leveraged virtual asset ETPs with minimal to no management fees and has products listed on four European exchanges. The technology company was established in 2019 and is supported by a renowned and innovative team with years of experience in the financial markets and digital assets.

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