​​Valour has listed 'green' bitcoin-ETP on the Frankfurt Stock | Crypto Shake

​​Valour has listed "green" bitcoin-ETP on the Frankfurt Stock Exchange

Valour, a subsidiary of DeFi Technologies, achieved the listing of a bitcoin-based carbon-neutral exchange product (ETP) on the Frankfurt Stock Exchange.

Trading in the instrument began Sept. 23. The management fee will be 1.49% of AUM.

Sustainability compliance is achieved by funding certified emission offsetting initiatives related to bitcoin mining.

Patch is partnered by Andreessen Horowitz and other significant investors.

"Patch's API-based solution takes into account a variety of inputs, such as the efficiency of mining equipment, distribution of computing power, and national-level carbon emission data," the press release states.

As a reminder, in February, the Frankfurt Stock Exchange added Polkadot-based ETP and Cardano from Valour to its listing.

The firm had previously listed a similar instrument based on Solana.