Compulsory Redemption of the Valour Crypto ETP: What Holders Must Decide by September 1, 2026

Anyone holding units of the 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP in a securities account has to make a decision before September 1, 2026. On August 11, 2026 the issuer, Valour Digital Securities Limited, exercised its right to a compulsory redemption and called the instrument in. Nobody has to consent to it.

What is affected here is not a balance on an offshore exchange but a security in an ordinary German securities account: the ETP trades on Xetra and, since June 2024, has also been available in Germany as a savings plan at justTRADE. The issuer's notice appeared in English, uses legal terms from the base prospectus throughout and names four dates, of which only the first leaves a genuine choice open.

This piece sorts the dates, explains the two settlement routes and identifies the tax constellation that arises. It is not an investment recommendation, and it does not replace tax advice either.

Compulsory Redemption of the Valour ETP: The Four Dates That Matter

The notice of August 11, 2026 sets out a chain of four dates. They build on one another, and the most important one comes at the beginning rather than at the end.

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