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Crypto Company Valour Rolls Out First Short Spot Bitcoin ETP in Nordics
Cryptocurrency company Valour, a subsidiary of DeFi Technologies, has announced the launch of the first short spot exchange-traded product (ETP) for Bitcoin (BTC) in the Nordics market. The market consists of several countries such as Denmark, Norway, Sweden, and Finland.
Setting a New Standard
In an announcement on April 18, 2024, the company said the newly launched investment product, Valour Short Bitcoin (SBTC), will be traded under the ticker of the same name against the Swedish Krona.
The launch of the ETP aims to offer the Nordics indirect exposure to the digital asset market, allowing them to profit from or hedge against declines in the price of Bitcoin.
The innovative financial instrument is designed to inversely track BTC price movements. This means that when the price of the crypto asset goes down, the value of SBTC tends to go up, and vice versa. Valour said the product was buil
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