- Fineqia's Bitcoin Yield ETP (YBTC) achieves cross-listing on the Euronext Amsterdam and Paris exchanges.
- The ETP targets a 6% annual yield through decentralized finance (DeFi) activities.
- Fineqia's total Assets Under Management (AUM) reach $50.1 million, with $16.2 million attributed to YBTC.
Fineqia International Inc. (CSE:FNQ) has announced the cross-listing of its Bitcoin yield-bearing Exchange-Traded Product (ETP), ticker YBTC, on the Euronext Stock Exchange in both Amsterdam and Paris. Originally launched on the Vienna Stock Exchange, the YBTC aims to deliver a 6% annual yield by engaging in decentralized finance (DeFi) activities, with yields automatically converted into Bitcoin to increase investor holdings without requiring additional capital.
The YBTC has amassed $16.2 million in Assets Under Management (AUM), contributing to Fineqia AG's total AUM of $50.1 million. The company's FTSE Cardano Enhanced Yield ETN (ticker YADA) holds $33.9 million in AUM and trades on the Vienna and Stuttgart stock exchanges.
This move opens up broader market access for investors, as Euronext hosts over 3,300 ETPs, including 156 crypto products, and positions Fineqia among the established players in Europe's financial markets.
"We're making Bitcoin yields easier to access within Europe's most established exchange platform," stated Bundeep Singh Rangar, CEO of Fineqia International Inc. This development aligns with the growing interest of traditional finance investors in digital assets, with regulated digital asset ETPs gaining traction within Europe.
