Valour Cracks UK Retail Market with First Yield-Bearing Bitcoin & Ethereum ETPs

UK retail investors regained access to regulated crypto markets today as Valour (subsidiary of DeFi Technologies) commenced trading of physical staking ETPs on the London Stock Exchange (LSE). The listing ends a five-year regulatory dry spell, effectively dismantling the Financial Conduct Authority’s (FCA) 2021 prohibition on retail crypto derivatives.

The Products: Yield Meets Access

Unlike standard spot ETFs dominating the U.S. market, Valour’s offering integrates native staking rewards directly into the Net Asset Value (NAV). The two products now live for retail trading are:

• 1Valour Bitcoin Physical Staking (ISIN: GB00BRBV3124)
• 1Valour Ethereum Physical Staking (ISIN: GB00BRBMZ190)

By wrapping staking yield, previously accessible only via complex on-chain maneuvers or unregulated exchanges, into an LSE-listed ticker, Valour has removed the technical barrier for mainstream capital. UK investors can now capture yield on BTC and ETH directly through traditional brokerage accounts.

The Institutional Shift: ISA & Pension Eligibility

The liquidity implications extend beyond day traders. Following the FCA’s decision to lift the retail ban in October 2025, HMRC confirmed that compliant crypto ETNs are eligible for ISAs and SIPPs (Self-Invested Personal Pensions). This classification allows British investors to hold these yield-bearing assets within tax-advantaged wrappers, a structural advantage that could drive sticky, long-term inflows into the underlying assets.

The move extends products previously limited to professional investors… marking a significant expansion in the company’s European footprint.

DeFi Technologies (DEFT) aims to corner the UK’s pent-up retail demand, capitalizing on a market starved of regulated access since January 2021. With the regulatory moat now bridged, pressure mounts on competitors to navigate the FCA’s strict “Restricted Mass Market Investment” (RMMI) framework to follow suit.