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Will ETP Launch Send Shares of this DeFi Firm Higher?

AllPennyStocks.com - Mon Mar 18, 8:10AM CDT

Shares of this native crypto technology company traded higher on Friday and may continue that run after a new product announcement.

Crypto native technology company DeFi Technologies Inc. (OTC: DEFTF)announced in a press release today the issuance of an exchange-traded product (ETP) providing simplified access to digital assets from its subsidiary, Valour Inc. Valour has partnered with Bitcoin Suisse AG, and STOXX in launching the innovative 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP. 

This pioneering product provides a diversified investment approach to the top blue-chip digital assets in a simple and secure manner. The ETP tracks the STOXX Digital Asset Blue Chip X Index, which is based on a rule-based passive index methodology, leveraging Bitcoin Suisse's Global Crypto Taxonomy for asset classification. The collaboration has been leveraging the unique capabilities and extensive expertise of both Valour and Bitcoin Suisse in the digital asset market, with a primary focus on their joint efforts to launch, list, operate and distribute ETPs in both the international and Swiss markets. 

Shares of DeFi finished Friday trade up over 6 percent.

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