Cointelegraph Article: ‘Bitcoin-thematic’ ETF lists on Italian stock exchange Borsa Italiana

A Bitcoin-thematic ETF listed on the Borsa Italiana, providing savers, institutions and pensions planners exposure to BTC.

On Tuesday, Borsa Italiana — Italy’s stock exchange — listed a “Bitcoin-thematic” exchange-traded fund (ETF) by Melanion Capital, bringing Bitcoin (BTC) exposure to Italian institutions and retirement plans.

Cyril Sabbagh, managing director of Melanion Capital, told Cointelegraph that “The Melanion BTC Equities Universe UCITS ETF is an equity ETF around stocks in the crypto ecosystem.” He explained that the ETF would be “accessible to as many people as possible.”

“The Italian Stock Exchange (Borsa Italiana) has not accepted any ‘spot ETFs’ but welcomes our thematic ETF!”

Following the successful launch of a Bitcoin-thematic ETF in October 2021 on Euronext Paris, a pan-European stock exchange, Melanion Capital targeted Italy for its ETF. Sabbagh explained:

“In Europe, spot ETFs (exchange-traded funds) are ETNs (exchange-traded notes) or ETCs (exchange-traded certificates) and, as such, carry counterparty risk and are not UCITS (the highest regulatory standard for a fund in Europe).”

To read full article : Cointelegraph – Article

Disclaimer

This information is educational, and is not an offer to sell or a solicitation of an offer to buy any security. This information is not a recommendation to buy, hold, or sell an investment or financial product, or take any action and must not serve as the basis for any investment decision. All investments involve risk, including the possible loss of capital. Past performance does not guarantee future results or returns. Before making decisions with legal, tax, or accounting effects, you should consult appropriate professionals.

The information relayed in this article must be considered and analyzed in light of all the risks identified in the fund’s pre-contractual documentation, which you can find via the following link.

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