DeFi Technologies' Nasdaq Fate Hinges on Two-Week Earnings Window
DeFi Technologies is facing a critical two-week window that could determine its fate on the Nasdaq exchange.
The company's stock has lost more than four-fifths of its value in the past year, eroding to €0.4182 in the latest session, up 12.36% on the week.
CEO Johan Wattenström attributed the decline to a weak crypto market, regulatory delays in the European Union, and a sector rotation away from digital asset stocks, compounded by technical after-effects of a prior capital raise.
The real metric to watch is the trajectory of assets under management at Valour, the subsidiary that issues digital asset ETPs. As of July 31, Valour reported AUM of over $424 million spread across more than 102 listed products.