web3.0DeFi Technologies Announces Plans to Launch CoreFi Strategy, a New Investment Vehicle Targeting Bitcoin and Its Associated DeFi EcosystemDeFi Technologies Announces Plans to Launch CoreFi Strategy, a New Investment Vehicle Targeting Bitcoin and Its Associated DeFi Ecosystem
Scheduled to debut in the first quarter of 2025, the initiative will operate on a Canadian stock exchange, according to a press release from the company.
Canadian DeFi firm DeFi Technologies (CBOE:DEFI) has announced its upcoming venture, CoreFi Strategy, designed to offer investors a path to Bitcoin and its decentralized finance (DeFi) ecosystem.
Scheduled to launch in Q1 2025 on a Canadian stock exchange, the initiative will provide exposure to Bitcoin staking, a key element in securing the network and generating rewards for those holding the cryptocurrency.
“This new CoreFi Strategy will provide investors with a compelling opportunity to gain exposure to the rapidly growing Bitcoin staking ecosystem through a first-of-its-kind investment vehicle trading on a Canadian stock exchange,” said Olivier Roussy Newton, CEO of DeFi Technologies.
The company noted the successful models that have achieved substantial stock price appreciation, highlighting MicroStrategy's shares rising over 500% in the past year and Bitcoin itself increasing by approximately 150%.
“This initiative aligns with our commitment to offering innovative and diversified investment products that cater to the evolving needs of investors,” added Newton.
DeFi Technologies currently operates two closed-end funds listed on the Canadian Stock Exchange. The funds, named Gamma and Eta, trade at a premium to their net asset value (NAV), offering investors a way to gain exposure to a basket of cryptocurrencies.
The firm's Gamma fund, which focuses on large-cap cryptocurrencies, has seen its NAV increase by 120% since its launch in December 2020. At the same time, the Eta fund, which invests in smaller-cap cryptocurrencies, has seen its NAV rise by over 300%.
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