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
