The Bitcoin-themed fund is listed on the Italian stock exchange Borsa Italiana

A Bitcoin-themed fund is listed on Borsa Italiana, which gives savers, institutions and pension planners exposure to BTC. On Tuesday, the Italian Stock Exchange – the Italian Stock Exchange – was listed on the stock exchange “Bitcoin Theme” Melanion Capital’s Exchange Traded Fund (ETF), which provides Bitcoin (BTC) Exposure to Italian institutions and pension plans.

Cyril Sabbagh, CEO of Melanion Capital, told Cointelegraph. Malanion BTC Securities Fund Universe UCITS ETF An Exchange Traded Investment Fund (ETF) related to stocks in the cryptocurrency ecosystem. He explained that the ETF will be “Accessible to as many people as possible.”

The Borsa Italiana does not accept any Spot ETFs but welcomes our Thematic ETFs!

After the successful launch of a Bitcoin-themed ETF in October 2021 at Euronext Paris, a European exchange, Melanion Capital has targeted Italy for its ETF. Sabbagh explained:

In Europe, ETFs are ETNs (exchange-traded certificates) or ETCs (exchange-traded certificates) and as such carry counterparty risk and are not UCITS (the highest regulatory standard for a fund in Europe). ). “

The Bitcoin ETF also allows savers to have exposure to Bitcoin in their retirement plans as a result of the UCTIS specification:

Today, investors are frustrated that they cannot incorporate cryptocurrency allocation into their traditional investment envelopes. In fact, investors will be able to integrate our ETFs into stock accounts, life insurance policies and even pension savings plans (this is already the case in France).

Nicholas Bertrand, a consultant and ambassador for the Global Blockchain Business Council and a former board member of Borsa Italiana, told Cointelegraph that “Italian investors and traders showed an early interest in trading bitcoin and other digital assets.”

Despite the slow pricing action and the demand for Bitcoin below $20,000, Bertrand highlighted the interest in digital assets:

“From my position as an advisor to a number of companies exposed to cryptocurrency and my direct contact with investors, I can confirm that there is great interest and a number of companies are preparing to take over digital assets.”

Bertrand said investor appetite for bitcoin in Italy was strong, especially before 2021. Italia It was among the top ten globally by volume of activity on Bitcoin, and a number of trading venues have emerged that provide direct access to these markets. “

Across the street from Borsa Italiana, the world’s largest cryptocurrency exchange Binance will soon open an office, while the European Central Bank says crypto ownership in European households is booming.

Trade bitcoin ETFs

Malanion BTC Securities Fund Universe UCITS ETF (BTC ETF)It is a European exchange-traded fund that is traded on Euronext Paris and Borsa Italiana.

Euronext Paris is a market that provides access to a few Swedish banks and online brokers Dejero Do it.

Leave a Reply

Your email address will not be published. Required fields are marked *