$DEFI - ETP Partnership with Arcane Crypto
Valour Structured Products, a wholly-owned subsidiary of $DEFI, just announced that they had signed a letter of intent to explore the issuance and listing of ETPs with Arcane Crypto.
“ETPs are listed on regulated European stock exchanges. This enables investors to easily gain exposure to this emerging asset class through their regular banks or brokers like Avanza and Nordnet. An ETP based on the Arcane Fund would work in the same way. In other words, investors would be able to buy and sell the ETP through their broker, which would track the performance of the Arcane Fund. This partnership will be the very first fund-based crypto ETP in the world.
$DEFI has been holding steady in the $1.15-$1.40 range for the past couple of months now, and it seems to be bottoming out with strong support levels at around $1.20. Just looking at the news flow from this month alone shows me that they’re not just sitting around riding the decentralized finance wave but they’re consistently seeking and completing new deals to grow the business fundamentally. I might consider picking up more shares soon.
https://www.newswire.ca/news-releases/defi-technologies-wholly-owned-subsidiary-valour-signs-loi-with-arcane-crypto-with-the-intention-to-list-an-exchange-traded-product-etp--861521994.html