Core DAO Launches Its Own ETP on Sweden Fueled by Bitcoin
DeFi Technologies’ subsidiary, Valour, has recently introduced its first exchange-traded product (ETP) for Core DAO (CORE), a Bitcoin-powered layer-1 solution that combines proof-of-work and delegated proof-of-stake consensus mechanisms. This new product, called “CORE ETP,” will be available on the Spotlight Stock Exchange, providing investors with a fresh way to gain exposure to the Core blockchain network.
According to Rich Rines, the founding contributor to CoreDAO, the launch of the ETP is a significant contribution to the project. It allows institutions and participants in traditional finance to access the native CORE token. Core, founded in 2022, is a Bitcoin-powered blockchain that aims to offer EMV-compatible services such as non-custodial Bitcoin staking and yield-bearing Bitcoin ETP.
In other news, DeFi Technologies faced allegations of stock manipulation and unfounded growth claims made by CoinSnacks, a cryptocurrency newsletter. CoinSnacks questioned the basis for DeFi Technologies’ stock surge of 3,400% over the past year. However, DeFi Technologies swiftly refuted these claims, dismissing the allegations as “unfounded” and containing defamatory and misleading statements.
Pantera Capital, a prominent investment firm, has stated that decentralized finance (DeFi) on the Bitcoin blockchain could accumulate $225 billion in value. This projection highlights the potential growth and significance of DeFi within the crypto industry.
