The rollout comes as UK regulators reopen the retail market to crypto-related products and global issuers expand regulated offerings. Valour, the UK subsidiary of digital asset company DeFi Technologies, has secured regulatory approval to offer crypto exchange-traded products to retail investors on the London Stock Exchange. In a Monday notice, DeFi Technologies said the UK’s Financial Conduct Authority (FCA) had approved Valour’s exchange-traded products tied to Bitcoin (BTC) and Ether (ETH) staking. The offerings, called 1Valour Bitcoin Physical Staking and 1Valour Ethereum Physical Staking, began trading on the London Stock Exchange on Monday. “The UK is one of the world's most important financial markets, and these approvals broaden our ability to serve UK retail investors with transparent, exchange-listed products that provide straightforward exposure to the evolving digital asset economy,” said Johan Wattenström, DeFi Technologies chairman and CEO. Read more
The newly launched fund offers exchange-traded exposure to AVAX as other proposed Avalanche ETFs remain under regulatory review. Global asset manager VanEck has launched a US-listed exchange-traded product offering exposure to Avalanche’s native token, AVAX (AVAX), marking the first spot Avalanche ETF to trade in the United States. According to Monday’s announcement, the product is not registered under the Investment Company Act of 1940, though it may be subject to other US securities laws. The fund will trade under the ticker VAVX, tracking the price of Avalanche’s AVAX token and potentially generating returns through staking. VanEck said it will waive sponsor fees on the ETF’s first $500 million in assets through Feb. 28. Assets over $500 million before Feb. 28 will be charged a 0.20% sponsor fee, which will apply to all assets after that date. Read more
Tether’s XAUt tokenized gold now accounts for more than half of the gold-backed stablecoin market as the US dollar weakens amid renewed safe-haven demand. The market for tokenized gold is expanding in step with rising demand for physical bullion, highlighting a broader shift toward traditional safe-haven assets as geopolitical tensions and trade uncertainty push investors away from the US dollar. On Monday, Tether said its Tether Gold (XAUt) now represents more than half of the entire gold-backed stablecoin market, with a total value exceeding $2.2 billion. Tether disclosed that 520,089 XAUt tokens were in circulation at the end of the fourth quarter, with each token backed one-for-one by physical gold held in reserve. Read more
Traders continue to defend the lowest support levels in Bitcoin and altcoins, but sellers at the range highs and declining sentiment across the market may complicate a quick recovery. Key points: Bitcoin is attempting a recovery, but higher levels are likely to attract solid selling by the bears. Several major altcoins are at risk of breaking below their support levels. Read more