Melanion BTC Equities Universe UCITS ETF<\/strong><\/span> began trading on October 22nd on Euronext Paris under the ticker BTC FP and ISIN FR0014002IH8.<\/p>\nThe launch marks the first time investors can gain exposure to the Bitcoin ecosystem via a fully-regulated UCITS ETF, and pioneers an equity-based approach to the asset class.<\/p>\n
BTC FP has been approved by France\u2019s Autorit\u00e9 des march\u00e9s financiers (AMF) and is designed to track the Melanion Bitcoin Exposure Index, a custom basket of 30 European and North American stocks, selected for being the most sensitive to the Bitcoin price.<\/p>\n
\u201cInvestor demand for Bitcoin exposure is huge and continues to grow, but the lack of UCITS regulated products has been a real deterrent for many \u2013 until now,\u201d explains Cyril Sabbagh, Head of ETF at Melanion Capital<\/strong><\/span>.<\/p>\n \u201cBeing able to invest in the Bitcoin transition story in a harmonised framework for investment funds that can be sold to retail investors throughout the EU, is the next natural step in this becoming a more mainstream asset class and thematic, and we are naturally delighted to be the first firm to make this dream a reality for the European investment community,\u201d adds Jad Comair, CEO of Melanion Capital<\/strong><\/span>.<\/p>\nThe Melanion Bitcoin Exposure Index comprises companies with sensitivity to Bitcoin, weighted according to it. Constituents are screened for liquidity before inclusion and capped at a maximum weighting of 10% to ensure the index remains diversified, investable and scalable.<\/p>\n
Melanion expects BTC FP to achieve a high correlation to the Bitcoin performance, however, no minimum correlation threshold has been established and the index is not guaranteed to follow the price of Bitcoin itself, rising or falling.<\/strong><\/p>\nThe Melanion BTC Equities Universe UCITS ETF<\/span> will initially be listed on Euronext with a TER of 0.75%.<\/strong><\/p>\nThis launch represents the first of several products and initiatives Melanion Capital is developing to give investors exposure to the Bitcoin Transition, which references the transition to a world in which Bitcoin and other cryptocurrencies are adopted as a useful and effective part of the wider financial ecosystem.<\/p>\n
Source: ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"
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