THE June 22THE The Netherlands have launched a new Exchange Traded Fund (ETF) that will give investors exposure to a wide selection of stocks from Bitcoin-related businesses.
The French investment firm Melanion Capital launched the ETF Bitcoin Equities to the Amsterdam Euronext stock exchange today, introducing a new way for investors to position their funds in the ecosystem that revolves around Bitcoin. On a practical level, this ETF is designed to track the index Melanion Bitcoin Exposurewhich represents a personalized assortment of European and US stocks closely tied to the value of BTC.
This ETF complies with the regulatory framework defined by the European Commission for undertakings managing collective investments in transferable securities. The latter, designated by the acronym UCITSis primarily aimed at supervise the activities of the various investment funds within the euro zone. In addition, UCITS funds enable investment firms to record and sell commercial products throughout the European Union taking into account a number of regulatory and investor protection requirements.
Jad Comairthe general manager of Melanion Capital, declared that the presence of his firm within the stock exchange Euronext Amsterdam offered Dutch investors a solution that was both regulated and completely transparent to gain exposure to the Bitcoin ecosystem through stocks. In this regard, the director underlines and indicates:
“The Dutch market has shown exceptional interest in digital assets, and we are very happy to offer them a simple and secure way to access this investment opportunity within a regulated framework. »
Melanion’s Bitcoin Exposure Index is made up of stocks of companies that hold a particularly large number of Bitcoin, but this index also includes companies that have made significant investments in various trading platforms of the crypto sector as well as companies specializing in the field of mining.
The index thus includes companies well known to investors such as MicroStrategy, which acquired under the management of Michael Saylor more than 140,000 BTC over the years, the equivalent of more than $4.2 billion at the time of writing this article. We also find Coinbase And robinhoodtwo leading trading platforms, as well as mining companies like riot, Digital Marathon And Hut8 within this stock market index set up by Melanion.
The firm states that this ETF aims to remain correlated to the performance of Bitcoin on the market, without however a minimum correlation threshold having been established beforehand. Moreover, it seems particularly important to point out that the Bitcoin Equities ETF offered by the firm Melanion is also available on the stock exchanges. EuronextParis And Euronext Milano.
June 2023 is a particularly busy month of Bitcoin ETF news, including BlackRockthe largest asset manager globally, which recently filed an application for the creation of a Bitcoin ETF with the United States Securities and Exchange Commission.