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DeFi Technologies Provides Monthly Corporate Update: Subsidiary Valour Reports Assets Under Management at C$698 Million (US$512 Million), Up 37% This Fiscal Year, Bolstered by Continued Month Over Mon

AUM & Continued Inflows: Valour reports AUM of C$698 million (US$512 million) as of June 30, 2024, marking a notable year to date increase of 37%. This growth is further bolstered by Valour's continued month-over-month strong net inflows of C$6.5 million (US$4.8 million) during June, demonstrating robust investor confidence and continued demand for Valour's ETP products despite the recent downturn in digital asset markets.Strong Financial Position: Current cash balance is approximately C$67.1M (US$49.3M) and current loans payable stand at approximately C$17.7M (US$13M). The Company also purchased and holds 110 Bitcoin as part of its treasury strategy.Valour Bitcoin Staking (BTC) ETP: One of Valour's newest ETPs, Valour Bitcoin Staking (BTC), led all ETPs in inflows with C$2.3 million (US$1.7 million) in net inflow. This ETP, the world's first and only Bitcoin ETP that generates yield for investors, showcases Valour's innovative approach by offering exposure to Bitcoin while providing a 5.65% yield—all without the need to sell or trade Bitcoin.Product Launches and Strategic Partnerships: Valour introduced the world's first CORE ETP, expanded the world's first Hedera (HBAR) ETP to the Spotlight Stock Market, celebrated the launch of the world's first Valour Hedera (HBAR) ETP at Börse Frankfurt and introduced the world's first yield-bearing Bitcoin (BTC) ETP on Börse Frankfurt. Furthermore, Reflexivity Research partnered with CoinMarketCap to provide in-depth crypto research. Additionally, DeFi Technologies deployed a validator node on the Core Chain, participating in non-custodial Bitcoin staking.TORONTO, July 10, 2024 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (NEO: DEFI) (GR: RB9) (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., and Valour Digital Securities Limited (together, "Valour"), a leading issuer of exchange traded products ("ETPs") reports C$698 million (US$512 million) as of June 30, 2024. This figure represents a significant year to date increase of 37%. Despite a decrease in AUM from May due to a downturn in digital asset prices, Valour's strategic initiatives continue to drive substantial growth. Notably, the Company continues to see net inflows into its ETPs month over month, buoyed by a strong net inflow of C$6.5 million (US$4.8 million) in the month of June.One of Valour's newest ETPs, Valour Bitcoin Staking (BTC), led all ETPs in inflows with C$2.3 million (US$1.7 million) in net inflow. This ETP, the world's first and only Bitcoin ETP that generates yield for investors, showcases Valour's innovative approach by offering exposure to Bitcoin while providing a 5.65% yield—all without the need to sell or trade Bitcoin. This novel offering has created significant demand among investors.The company maintains a strong financial position with a current cash balance of approximately C$67.1M (US$49.3M) and current loans payable of approximately C$17.7M (US$13M). Additionally, the company has purchased and holds 110 Bitcoin as part of its treasury ...Full story available on Benzinga.com

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Read full article here: https://www.benzinga.com/pressreleases/24/07/n39706262/defi-technologies-provides-monthly-corporate-update-subsidiary-valour-reports-assets-under-managem