DeFi Technologies Subsidiary Valour Inc. Announces Rebalancing of the Valour Digital Asset Basket 10 (VDAB10) and the STOXX Bitcoin Suisse Index
August 12 2024 - 7:30AM
UK Regulatory
DeFi Technologies Subsidiary Valour Inc. Announces Rebalancing of
the Valour Digital Asset Basket 10 (VDAB10) and the STOXX Bitcoin
Suisse Index
TORONTO, Aug. 12, 2024 (GLOBE NEWSWIRE) -- DeFi
Technologies Inc. (the “Company” or “DeFi
Technologies”) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a
financial technology company that pioneers the convergence of
traditional capital markets with the world of decentralised finance
(“DeFi”), is pleased to announce that its
subsidiary Valour Inc. (“Valour”), a leading
issuer of exchange traded products (“ETPs”) that
provide simplified access to digital assets, has rebalanced its
Valour Digital Asset Basket 10 (“VDAB10”) EUR and
SEK baskets, effective August 1, 2024. This rebalancing reflects
the latest shifts in the digital asset landscape, with Solana
(“SOL”) seeing a notable increase in its
allocation from 9.85% to 12.13%.
The VDAB10 ETP tracks the performance of the top
10 largest digital assets based on market capitalization, with a
cap of 30% for any one constituent. The constituents remain the
same, ensuring VDAB10 continues to represent the current
composition of the digital assets market. The new weights are as
follows:
- Bitcoin (BTC):
30%
- Ethereum (ETH): 30%
- Binance Coin (BNB): 12.30%
- Solana (SOL): 12.13%
- XRP (XRP): 5.07%
- Dogecoin (DOGE): 2.73%
- Toncoin (TON): 2.53%
- Cardano (ADA): 2.14%
- Avalanche (AVAX): 1.64%
- Shiba Inu (SHIB):
1.45%
For July, the VDAB10 SEK recorded a performance
increase of 6.77%, and the VDAB10 EUR rose by 4.53%.
In addition, Valour Inc. announces the quarterly
rebalancing of the STOXX Bitcoin Suisse Index, effective June 21,
2024. The new weights for this basket are:
- Bitcoin (BTC):
30%
- Ethereum (ETH): 30%
- Solana (SOL): 18.43%
- XRP (XRP): 6.95%
- Cardano (ADA): 3.83%
- Avalanche (AVAX): 3.43%
- Chainlink (LINK): 2.62%
- Tron (TRX): 2.37%
- Polygon (MATIC): 1.56%
- Cosmos (ATOM):
0.81%
The inclusion of Solana in the STOXX Bitcoin
Suisse Index is a significant milestone. Loris Voneschen, Head of
Index Business at Bitcoin Suisse, commented, “We are pleased to
announce the inclusion of Solana in the STOXX Digital Asset Blue
Chip Index, acknowledging its exceptional on-chain metrics driven
by recent adoption. To qualify for the Index, protocols must
outperform sector peers across all metrics defined by the rigorous,
rule-based methodology, incorporating the Bitcoin Suisse Global
Crypto Taxonomy.”
For July, the STOXX Bitcoin Suisse Index showed
a performance increase of 7.76%.
These updates underscore Valour’s commitment to
offering transparent, rule-based ETPs that meet the evolving needs
and interests of investors, further affirming Valour Inc.’s role in
enabling retail and institutional investors to access digital
assets simply and securely through their traditional bank
accounts.
About DeFi Technologies
DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a
financial technology company that pioneers the convergence of
traditional capital markets with the world of decentralized finance
(DeFi). With a dedicated focus on industry-leading Web3
technologies, DeFi Technologies aims to provide widespread investor
access to the future of finance. Backed by an esteemed team of
experts with extensive experience in financial markets and digital
assets, we are committed to revolutionising the way individuals and
institutions interact with the evolving financial ecosystem. Join
DeFi Technologies’ digital community on LinkedIn and Twitter, and
for more details, visit https://defi.tech/
About Valour
Valour Inc. and Valour Digital Securities Limited (together,
“Valour”) issues exchange traded products
(“ETPs”) that enable retail and institutional
investors to access digital assets in a simple and secure way via
their traditional bank account. Valour is part of the asset
management business line of DeFi Technologies Inc. (CBOE CA: DEFI)
(GR: R9B) (OTC: DEFTF).
In addition to their novel physical backed
digital asset platform, which includes 1Valour Bitcoin Physical
Carbon Neutral ETP, 1Valour Ethereum Physical Staking, and 1Valour
Internet Computer Physical Staking, Valour offers fully hedged
digital asset ETPs with low to zero management fees, with product
listings across European exchanges, banks and broker platforms.
Valour’s existing product range includes Valour Uniswap (UNI),
Cardano (ADA), Polkadot (DOT), Solana (SOL), Near (NEAR), Avalanche
(AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Toncoin (TON),
Internet Computer (ICP), Chainlink (LINK), Core (CORE), Enjin
(ENJ), Valour Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN),
Hedera (HBAR), Valour Digital Asset Basket 10 (VDAB10) and 1Valour
STOXX Bitcoin Suisse Digital Asset Blue Chip ETPs with low
management fees. Valour’s flagship products are Bitcoin Zero and
Ethereum Zero, the first fully hedged, passive investment products
with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are
completely fee free. For more information on Valour, to subscribe,
or to receive updates and financial information, visit
valour.com.
Cautionary note regarding
forward-looking information:
This press release contains “forward-looking information”
within the meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to the
composition of the VDAB10; performance of the VDAB10; investor
interest and confidence in digital assets; the regulatory
environment with respect to the growth and adoption of
decentralized finance; the pursuit by the Company and its
subsidiaries of business opportunities; and the merits or potential
returns of any such opportunities. Forward-looking information is
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of the Company, as the case may be, to be
materially different from those expressed or implied by such
forward-looking information. Such risks, uncertainties and other
factors include, but is not limited the acceptance of Valour
exchange traded products by exchanges; growth and development of
decentralised finance and cryptocurrency sector; rules and
regulations with respect to decentralised finance and
cryptocurrency; general business, economic, competitive, political
and social uncertainties. Although the Company has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated 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.
THE CBOE CANADA EXCHANGE DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE
For further information, please
contact:
Olivier Roussy Newton
Chief Executive Officer
ir@defi.tech
(323) 537-7681
DeFi Technologies (TG:R9B)
Historical Stock Chart
From Sep 2024 to Oct 2024
DeFi Technologies (TG:R9B)
Historical Stock Chart
From Oct 2023 to Oct 2024