CORE ETP Debuts: Revolutionizing Bitcoin Staking

In a landmark move for cryptocurrency investment, the first exchange-traded product (ETP) for CORE, the native token of the Bitcoin-powered Core blockchain, is set to launch on Sweden’s Spotlight Stock Exchange. This initiative, spearheaded by Toronto-based Valour, aims to bridge the gap between traditional finance and digital assets, offering conventional investors a direct pathway to engage with the innovative Core blockchain.

Valour, a subsidiary of DeFi Technologies, has crafted the Valour CORE (CORE) ETP to accurately track the price of CORE, thereby providing investors a tangible stake in the Core blockchain’s ecosystem. This blockchain stands out due to its EVM-compatible smart contracts and a novel consensus mechanism known as Satoshi Plus. This mechanism is designed to enhance the functionality and scalability of smart contracts within the Bitcoin framework.

What distinctly sets Core apart in the blockchain domain is its pioneering approach to Bitcoin staking. Traditionally, Bitcoin staking was not feasible directly. Core Chain, however, has introduced an innovative non-custodial BTC staking mechanism that is the first of its kind, allowing Bitcoin holders to actively earn yields through participation in the Satoshi Plus consensus without forfeiting custody of their assets.

This groundbreaking staking solution has quickly captured the attention of the crypto community, with Core recently achieving over $200 million in staked Bitcoin. The introduction of the CORE ETP is poised to further enhance this traction, making it simpler for institutional and traditional financial actors to participate in and benefit from decentralized finance.

Furthermore, the launch of the CORE ETP follows closely on the heels of the Velour Hedera ETP, which tracks HBAR, and was recently introduced in Germany’s Börse Frankfurt, signaling a robust interest in decentralized finance products across European financial markets.

Core’s mission to unlock an estimated $1.25 trillion in trapped Bitcoin liquidity through its EVM-compatible smart contract protocol has begun to bear fruit. Since its mainnet debut in January 2023, Core has successfully attracted over 18 million unique addresses and processed 256 million transactions, showcasing widespread adoption and utility of its innovative blockchain technology.