On the Euronext Amsterdam stock exchange, Dutch investors can now invest in a Bitcoin-related exchange-traded fund.
The Netherlands have approved a new exchange-traded fund (ETF) that will expose investors to a basket of Bitcoin-related corporate securities.
On June 22, the Bitcoin Equities ETF from French investment firm Melanion Capital began trading on the Euronext Amsterdam Stock Exchange, introducing an equity-based approach to investing in the Bitcoin ecosystem.
BTC NA is designed to monitor the Melanion Bitcoin Exposure Index, a custom basket of European and American equities that are highly correlated with the BTC market price.
The ETF is compliant with the European Commission’s UCITS regulatory framework, which is used to manage and trade mutual funds.
By providing regulatory and investor protection requirements, UCITS funds permit investment firms to register and sell trading products throughout the European Union.
CEO Jad Comair of Melanion Capital stated that the company’s expansion to the Euronext Amsterdam exchange provides Dutch investors with a regulated and transparent solution’ to obtain exposure to the Bitcoin ecosystem.
The Dutch market has demonstrated a tremendous interest in digital assets, and we are thrilled to provide them with a regulated means of accessing this exciting investment opportunity.
The Bitcoin Exposure Index compiled by Melanion is comprised of equities from corporations with significant Bitcoin holdings, cryptocurrency exchanges, and mining operations.
MicroStrategy, which under Michael Saylor’s guidance has acquired over 140,000 BTC valued at over $12.6 billion as of April 2023, is included in the index. Coinbase and Robinhood are two notable exchange platforms, while Riot, Marathon Digital, and Hut8 are included in the stock index of Melanion.
The company notes that the BTC NA ETF seeks to maintain a correlation with Bitcoin’s market performance, although a minimum correlation threshold has not been established. The Bitcoin Equities ETF from Melanion is also listed on Euronext Paris and Euronext Milan.
BlackRock, the world’s largest asset manager, filed an application for a Bitcoin spot exchange-traded fund (ETF) with the United States Securities and Exchange Commission in June 2023, generating headlines about Bitcoin ETFs.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.