April 19, 2024
Latest Cryptocurrency News

Melanion Capital Launches Bitcoin Equities ETF on Euronext Amsterdam Stock Exchange

A new equity exchange-traded fund (ETF) in the Netherlands provides investors with an opportunity to gain exposure to a selection of Bitcoin-related company stocks.

Melanion Capital, a French investment firm, launched the Bitcoin Equities ETF on the Euronext Amsterdam Stock Exchange on June 22. This ETF offers an equities-based approach to investing in the Bitcoin ecosystem.

The ETF’s objective is to mirror the performance of the Melanion Bitcoin Exposure Index, which consists of a customized basket of European and American stocks closely tied to the market price of BTC.

Complying with the European Commission’s Undertakings for the Collective Investment in Transferable Securities (UCITS) regulatory framework, the ETF adheres to the required standards for managing and trading mutual funds.

Jad Comair, CEO of Melanion Capital, expressed enthusiasm about expanding their presence to the Euronext Amsterdam exchange, providing Dutch investors with a regulated and transparent means to participate in the Bitcoin ecosystem.

The Melanion Bitcoin Exposure Index includes stocks of companies heavily invested in Bitcoin, as well as cryptocurrency exchanges and mining operations. Notable components of the index comprise MicroStrategy, which, under the guidance of Michael Saylor, has acquired a significant amount of BTC, Coinbase, Robinhood, and mining firms such as Riot, Marathon Digital, and Hut8.

While aiming to maintain correlation with the market performance of Bitcoin, the ETF does not establish a minimum correlation threshold. Additionally, Melanion’s Bitcoin Equities ETF is also listed on the Euronext Paris and Euronext Milan stock exchanges.

Bitcoin ETFs garnered attention in June 2023, as BlackRock, the world’s largest asset manager, applied for a Bitcoin spot ETF with the United States Securities and Exchange Commission.

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