On the Euronext Amsterdam stock exchange, a Bitcoin exchange-traded fund is currently available to Dutch investors.
The Bitcoin Equities ETF, a brand-new equities exchange-traded fund (ETF) from the Netherlands, gives investors exposure to a number of stocks of businesses with a connection to bitcoin.
The ETF was introduced by French investment company Melanion Capital and started trading on the Euronext Amsterdam Stock Exchange on June 22. It provides a method of investing in the Bitcoin ecosystem based on stocks. The Melanion Bitcoin Exposure Index, a special collection of American and European stocks that closely mirrors the market price of BTC, is what the ETF is made to track.
The ETF complies with the requirements for investor protection while meeting the standards for administering and trading mutual funds under the UCITS regulatory framework established by the European Commission.
The addition to the Euronext Amsterdam exchange, according to Melanion Capital CEO Jad Comair, provides Dutch investors with a regulated and open way to access the Bitcoin ecosystem.
Stocks from businesses with significant Bitcoin investments, including MicroStrategy, Coinbase, Robinhood, Riot, Marathon Digital, and Hut8, are included in Melanion’s Bitcoin Exposure Index. Michael Saylor is in charge of MicroStrategy, which has more than 140,000 BTC worth over $12.6 billion.
Although a precise minimum correlation criterion has not been determined, the ETF strives to maintain correlation with the market performance of Bitcoin.
Melanion’s Bitcoin Equities ETF is listed on the Euronext Paris and Euronext Milan stock exchanges in addition to the Euronext Amsterdam platform, giving investors from several nations access to the product.