First fruits of the firm\u2019s new activity centered around Digital Assets, ETFs and Indices to bridge the gap between traditional and digital finance.<\/strong><\/p>\nMelanion Capital, the Paris-based independent alternative investment management company, has just obtained the AMF approval for its first ETF which will track the performance of the Melanion Bitcoin Exposure Index. The index is the first of its kind due to its unique methodology based on beta weighting which bridges the gap between Equities and Bitcoin. It tracks a beta-weighted equities basket exhibiting the highest correlation and revenue exposure to Bitcoin, which give the index up to 90% correlation to the price of Bitcoin.<\/p>\n
By tracking this Index, the Melanion BTC Equities Universe UCITS ETF<\/span><\/strong> seeks to expose investors to the daily price movements of Bitcoin through a diversified wrapper that meets UCITS standards. While there have been many Bitcoin-backed Exchange Traded Products listed in Europe, most European regulators apply a look-through approach rendering them ineligible for most institutional investors, due to their investment restrictions.<\/p>\n \u201cIt is therefore a major step for asset managers, allocators and in general for all investors interested in Bitcoin, allowing them to have an effective tool to diversify their portfolio in a UCITS compliant format\u201d said Jad Comair, President of Melanion Capital<\/span><\/strong>.<\/p>\nIt is also a major step for France which once again proves its open-mindedness on cutting-edge subjects and its desire to be a pioneer vis-\u00e0-vis other countries in Europe but also in the world. The SEC for example has still not given its approval to the many Bitcoin ETF applications, some dating back as far as 2013.<\/strong><\/p>\n \u201cHolding our ETF is a better alternative than a straight investment in Bitcoin, as it closely tracks its performance in a diversified basket, while eliminating the risks with which it is usually associated, like loss or piracy\u201d commented Cyril Sabbagh, Head of ETF at Melanion Capital<\/strong><\/span>. \u201cIndeed, Bitcoin\u2019s main concerns for institutional investors are hack, theft, loss, storage, security or crime. By investing in equities replicating the Bitcoin performance, investors can achieve diversified asset allocation that was not available before. Given Bitcoin\u2019s absence of correlation to traditional assets, and the ETF\u2019s UCITS character, allocators should certainly be interested\u201d.<\/p>\nThe Melanion BTC Equities Universe UCITS ETF will initially be listed on Euronext and have management fees of 0.75%.<\/strong><\/p>\nSource: ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"
Melanion Capital announces the launch of the Melanion BTC Equities Universe UCITS ETF<\/p>\n","protected":false},"author":4,"featured_media":23176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[4],"tags":[404],"class_list":["post-23175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf-europe","tag-melanion-capital"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/23175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/comments?post=23175"}],"version-history":[{"count":1,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/23175\/revisions"}],"predecessor-version":[{"id":23177,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/23175\/revisions\/23177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media\/23176"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media?parent=23175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/categories?post=23175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/tags?post=23175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}