The Netherlands has welcomed a new exchange-traded fund (ETF) that will offer investors exposure to a basket of shares of bitcoin-related companies (BTC).
French investment firm Melanion Capital’s Bitcoin Equities ETF began trading on the Euronext Amsterdam Stock Exchange on June 22.introducing an equity-based approach to investing in the bitcoin ecosystem.
The ETF is designed to track the Melanion Bitcoin Exposure Index, which is a custom basket of European and US stocks closely tied to the market price of BTC..
The ETF complies with the regulatory framework of the European Commission on Undertakings for Collective Investment in Transferable Securities (UCITS) for the management and negotiation of investment funds.
UCITS funds allow investment firms to register and sell trading products throughout the European Unionsince they establish regulatory and investor protection requirements.
Melanion Capital CEO Jad Comair said that Firm’s expansion to the Euronext Amsterdam Stock Exchange offers Dutch investors a “regulated and transparent solution” to gain exposure to the bitcoin ecosystem.
“The Dutch market has shown tremendous interest in digital assets, and we are delighted to offer them an avenue to access this exciting investment opportunity within a regulated framework.”
Melanion’s Bitcoin Exposure Index includes stocks of companies with significant investments in bitcoin holdings, cryptocurrency exchanges and mining operations.
The index includes stocks from the likes of MicroStrategywhich under the direction of Michael Saylor, has acquired over 140,000 BTC valued at over $12.6 billion as of April 2023. Coinbase and Robinhood are two prominent crypto exchanges, while mining companies like Riot, Marathon Digital, and Hut8 are also part of the Melanion stock index..
The firm states that the ETF intends to maintain a correlation with the evolution of the bitcoin market, although a minimum correlation threshold has not been established. The Melanion Bitcoin Equities ETF is also listed on the Euronext Paris and Euronext Milan exchanges.
Bitcoin ETFs have been in the news in June 2023; The world’s largest asset manager, BlackRock, filed an application for a spot bitcoin ETF with the United States Securities and Exchange Commission.
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Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.
