The fund offers fully-regulated exposure to the Bitcoin Equity universe
Melanion Capital, the Paris-based independent alternative investment management company,
has announced that its Melanion Bitcoin Equities UCITS ETF began trading on June 22nd on Euronext Amsterdam under the Bloomberg ticker BTC NA and ISIN code FR0014002IH8.
The launch marks the first time Dutch investors can gain exposure to the Bitcoin ecosystem via a fully-regulated UCITS ETF, and pioneers an equity-based approach to the asset class. BTC NA 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.
“The listing of our ETF on Euronext Amsterdam holds great importance for our company’s growth and signifies our dedication to serving the needs of Dutch investors. With the increasing demand for regulated investment solutions in the Bitcoin megatrend, we are proud to provide a comprehensive solution that aligns with the rigorous standards of the Dutch market. This is an additional step in our European Listing Campaign, that provides Dutch investors with an accessible and compliant vehicle to engage in the Bitcoin thematic.”
Cyril Sabbagh, Managing director at Melanion Capital
“This strategic expansion to Euronext Amsterdam reflects our commitment to providing Dutch investors with a regulated and transparent solution to participate in the Bitcoin thematic. The Dutch market has shown tremendous interest in digital assets, and we are delighted to offer them an avenue to access this exciting investment opportunity within a regulated framework.”
Jad Comair, CEO of Melanion Capital
The Melanion Bitcoin Exposure Index comprises companies with sensitivity to Bitcoin, weighted according to this sensitivity. Constituents are screened for liquidity before inclusion and capped at a maximum weighting of 10% to ensure the index remains diversified, investable and scalable.
Melanion expects BTC NA 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.
The Melanion Bitcoin Equities UCITS ETF has been initially listed on Euronext Paris, subsequently expanding to Euronext Milan (Borsa Italiana), and now on Euronext Amsterdam with a management fee of 0.75%/year.
This listing represents one of the steps Melanion Capital is putting in place to expand in European countries and 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.
For all inquiries, please contact: etf@melanion.com
Featured in: Cointelegraph, Watcher Guru, Crypto Insiders, Crypto Breaking News, Bitcoin Magazine, CryptoNews, Cryptotimes, BlockSpace, Inside Bitcoins.
About Melanion Capital
Recognized as a “Jeune Enterprise Innovante” by the French Ministry of Research. Melanion Capital was launched in 2013 in Paris as an alternative investment manager. The firm won awards for its Lyxor Melanion Fund and was named Emerging Manager of the year by Hedge Funds Review. Following the launch of investment funds focused on dividend futures, volatility dispersion strategies and the development of seeding programs for new asset managers, Melanion established its Digital Asset Business in 2020. This development was marked in 2021 by a first success with the launch of the first Bitcoin Thematic ETF in the world with the UCITS label.
Disclaimer
It is each investor’s responsibility to ascertain that it is authorised to subscribe, or invest into the product detailed in this press release. Prior to investing in the product, investors should seek independent = financial, tax, accounting and legal advice. Melanion Bitcoin Equities UCITS ETF is a French open ended mutual investment funds approved by the French Autorité des Marchés Financiers.
Melanion Capital SAS recommends that investors read carefully the “risk factors” section of the Melanion
Bitcoin Equities UCITS ETF prospectus and the “Risk and reward” section of the Key Investor Information Document (KIID).
The Melanion Bitcoin Equities UCITS ETF include a risk of capital loss. The redemption value may be less than the amount initially invested. In a worst-case scenario, investors could sustain the loss of their entire investment. There is no guarantee that the objective of Melanion Bitcoin Equities UCITS ETF will be met.
Melanion Bitcoin Equities UCITS ETF may not always be able to replicate exactly the performance of the Melanion Bitcoin Exposure Index.
The index and the trademarks used in this document are the intellectual property of index sponsors and/or its licensors. The index is used under license from an index administrator.
This press release together with the prospectus and/or more generally any information or documents with respect to or in connection with the Melanion Bitcoin Equities UCITS ETF detailed herein does not constitute an offer for sale or solicitation of an offer for sale in any jurisdiction (i) in which such offer or
solicitation is not authorized, (ii) in which the person making such offer or solicitation is not qualified to do so, or (iii) to any person to whom it is unlawful to make such offer or solicitation.
In addition, the shares are not registered under the U.S Securities Act of 1933 and may not be directly or
indirectly offered or sold in the United States (including its territories or possessions) or to or for the benefit of a U.S Person (being a “United State Person” within the meaning of Regulation S under the Securities Act of 1933 of the United States, as amended, and/or any person not included in the definition of “Non United States Person” within the meaning of Section 4.7 (a) (1) (iv) of the rules of the U.S. Commodity Futures Trading Commission.).
