Melanion Capital Launches Bitcoin Equities ETF on Euronext Amsterdam
The Netherlands has introduced a new exchange-traded fund (ETF) that will provide investors with an opportunity to invest in a selection of stocks related to Bitcoin.
Melanion Capital, a French investment firm, launched its Bitcoin Equities ETF on the Euronext Amsterdam Stock Exchange on June 22nd, providing investors with a way to gain exposure to the Bitcoin ecosystem through an equity-based approach.
The North American version of the BTC Index is structured to mirror the Melanion Bitcoin Exposure Index, a composite of stocks from both Europe and the United States that are heavily correlated to the value of Bitcoin.
The ETF adheres to the Undertakings for the Collective Investment in Transferable Securities (UCITS) directives of the European Commission, which are employed for handling and trading mutual funds.
UCITS funds enable investment firms to register and distribute trading products throughout the European Union while providing regulatory and investor protection.
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CEO Jad Comair of Melanion Capital declared that the enlargement of the firm to the Euronext Amsterdam exchange provides Dutch investors with a ‘regulated and transparent option’ to get access to the Bitcoin environment.
The Melanion Bitcoin Exposure Index comprises stocks from firms that have significant Bitcoin investments, as well as those engaged in cryptocurrency exchanges and mining activities.
The Melanion stock index includes companies such as MicroStrategy, which under the leadership of Michael Saylor has amassed over 140,000 BTC worth more than $12.6 billion as of April 2023. Notable exchange platforms Coinbase and Robinhood are included, as well as mining firms Riot, Marathon Digital, and Hut8.
The company points out that the BTC NA ETF seeks to stay correlated to the market performance of Bitcoin, though no minimum correlation limit has been determined. Additionally, Melanion’s Bitcoin Equities ETF is listed on the Euronext Paris and Euronext Milan bourses.
In June 2023, Bitcoin ETFs were a major topic of discussion, as the world’s largest asset manager BlackRock submitted an application to the United States Securities and Exchange Commission for a Bitcoin spot exchange traded fund (ETF).
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