Valour and Arcane Crypto Sign Letter of Intent to List Crypto Fund ETP

According to NewsWire, Valour, a wholly owned subsidiary of DeFi Technologies, signed a letter of intent with Arcane Assets AS, a wholly owned subsidiary of crypto fund Arcane Crypto, with the aim of exploring the issuance and listing of an exchange-traded product (ETP) based on the crypto fund Arcane Crypto. The ETP would be the first to use a cryptocurrency fund as an underlying asset. Valour and Arcane Assets are working on a final partnership agreement and offering plan, which is expected to be completed later this year.