Bitcoin ETF Launches On Euronext Amsterdam Stock Exchange, Jun 22

Key Points:

• The Netherlands introduces a new equity exchange-traded (ETF) fund offering investors exposure to BTC-related company stocks.
• French investment firm, Melanion Capital, has launched a BTC Equities ETF that tracks the Melanion BTC Exposure Index, a custom basket of European and American equities closely tied to BTC’s market price.
• The ETF adheres to the UCITS regulatory framework and aims to remain correlated to the market performance of BTC, making it an exciting investment opportunity for Dutch investors interested in digital assets.

The Netherlands has recently introduced a new equity exchange-traded fund that provides investors with exposure to a basket of Bitcoin-related company stocks.

The Melanion Bitcoin Equities ETF, launched by French investment firm Melanion Capital, began trading on the Euronext Amsterdam Stock Exchange on June 22. This equities-based approach to investing in the BTC ecosystem is designed to track the Melanion Bitcoin Exposure Index, which is a custom basket of European and American stocks closely tied to BTC’s market price.

The ETF complies with the Undertakings for the Collective Investment in Transferable Securities (UCITS) regulatory framework for managing and trading mutual funds, set by the European Commission. This allows investment firms to register and sell trading products across the European Union, providing regulatory and investor protection requirements.

According to Melanion Capital CEO, Jad Comair, the expansion to the Euronext Amsterdam exchange provides Dutch investors with a “regulated and transparent solution” to gain exposure to the BTC ecosystem. The Dutch market has shown significant interest in digital assets, and this ETF provides investors with an exciting opportunity to be a part of it within a regulated framework.

The Melanion Bitcoin Exposure Index comprises stocks from companies with significant investments in BTC holdings, cryptocurrency exchanges, and mining operations. The ETF includes well-known exchange platforms such as Coinbase and Robinhood, as well as mining firms like Riot, Marathon Digital, and Hut8. The likes of MicroStrategy, which has acquired over 140,000 BTC valued at over $12.6 billion as of April 2023, also form part of Melanion’s stock index.

The ETF aims to remain correlated to the market performance of BTC, although a minimum correlation threshold has yet to be established. The Melanion Bitcoin Equities ETF is listed on the Euronext Paris and Euronext Milan stock exchanges, in addition to the Euronext Amsterdam.

In June 2023, Bitcoin ETFs were in the headlines, with BlackRock, the world’s largest asset manager, filing an application for a BTC spot ETF with the United States Securities and Exchange Commission. While the future of Bitcoin ETFs remains unclear, the Melanion Bitcoin Equities ETF provides investors with an exciting opportunity to be part of the BTC ecosystem and gain exposure to BTC-related company stocks in a regulated and transparent manner.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

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