- ETH Zero is the world’s first free exchange product for direct access to Ethereum.
- Valor Structured Products, which launches technology-focused investment products, has announced the world’s first Ethereum Zero (ETH ZERO SEK – CH1104954362), an Ethereum (ETH) exchange-traded product that comes with zero price. management fee.
TORONTO, April 7, 2021 (GLOBE NEWS) – DeFi Technologies Inc. (“Company” or “DeFi Technologies”) (NEO: DEFI, GR: RMJR) announces that its wholly owned subsidiary Valor Structured Products has launched Ethereum Zero, an exchange-traded product with zero management fees. The company believes that Bitcoin Zero and ETH Zero will provide every investor with access to both the Bitcoin and Ethereum markets. Until now, people wishing to access Ether (ETH) via ETP had to pay up to 2.5% management fees, which could lower the cost of the investment. However, with the launch of Ethereum, Zero Valor provides investors with an ETP tracking the performance of the world’s second largest digital asset without any management fees.
By accessing digital assets through Valor, investors benefit from the standardization, risk mitigation and operational efficiency of a centrally cleared product that is listed on a regulated stock exchange. For every product that is bought and sold on the stock exchange, Valor buys an equivalent amount of the underlying asset, ETH, which means the products are always fully backed.
“We are seeing incredible interest in our Bitcoin Zero products, which raised $ 50 million in three months,” said CEO Diana Biggs. “With more and more applications being built on Ethereum – from DeFi to NFT – we are thrilled to provide investors with the opportunity to participate in this dynamic ecosystem.”
“At Valor, we are committed to providing investors with the most affordable digital asset products on the market,” said CEO Johan Wattenstroem. “With Ethereum Zero, we are making investments in the world’s second largest digital asset easier, safer and more cost-effective than all other options.”
About Valor Structured Products Ltd .:
Valor Structured Products is a Cayman Islands-based company specializing in the release of exchange-traded products with a focus on digital assets. The company also owns 100% of Catena Fin AG, a management and product development services company for financial services and capital markets companies.
About DeFi Technologies Inc .:
DeFi Technologies Inc. is a Canadian company that conducts business with the aim of increasing shareholder value by creating and managing assets in the decentralized financial sector.
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Forward-looking information warning:
This press release contains “forward-looking information” in the sense of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding Ethereum Zero, Bitcoin Zero, or any other products issued by Valor; the decentralized finance industry and the dignity or potential payoff of any such opportunity. Typically, forward-looking information can be identified using forward-looking terminology such as “plans,” “expects,” or “does not expect,” “expected,” “budget,” “planned,” “estimates,” “forecasts,” “intends “,” Expects “or” does not expect “, or” believes “, or variations of such words and phrases, or states that certain actions, events or results” may, “” might, “” might, “” may “or “Will be taken”, “will happen” or “will be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause the Company’s actual results, level of operations, performance or achievements, as the case may be, to differ materially from those expressed or implied by such forward-looking information. Although the Company has tried to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that could cause results to not be as expected or estimated. or planned. There is no guarantee that such information will be accurate as actual results and future events could differ materially from those suggested in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
NEO EXCHANGE IS NOT RESPONSIBLE FOR THE ADEQUATE OR ACCURACY OF THIS RELEASE.