Valour Digital Securities, a subsidiary of DeFi Technologies (DEFT), its bitcoin (BTC) staking exchange-traded product (ETP) on the London Stock Exchange, expanding the reach of a product that started trading in Germany almost a year ago.

The (1VBS) product offers professional and institutional investors exposure to bitcoin with an additional 1.4% annual staking yield and has been available on Deutsche Börse’s Xetra platform since . It now trades on multiple European exchanges.

Each share is backed 1:1 with bitcoin held in cold storage by Copper. The yield is added to the net asset value (NAV), which is published daily along with entitlements and indicative prices.

Shares of DeFi Technologies fell 3.12% to $2.63 in early Nasdaq trading.

Access to the new London-listed ETP is limited to professional investors under current U.K. rules. Retail investors will be able to access crypto exchange-traded notes (ETNs) on recognized investment exchanges such as the LSE , under Financial Conduct Authority (FCA) rules.