The Netherlands has welcomed the launch of a new equity exchange-traded fund (ETF) that will provide investors with exposure to a basket of Bitcoin-related corporate equities. On June 22, the Bitcoin Equities ETF launched by French investment firm Melanion Capital began trading on the Euronext Amsterdam Stock Exchange, presenting an equities-based strategy for investing in the Bitcoin ecosystem.
The ETF is intended to replicate the Melanion Bitcoin Exposure Index, which is a proprietary basket of European and American companies that is closely linked to the market price of BTC. The ETF adheres to the European Commission’s regulatory framework for administering and trading mutual funds, known as Undertakings for the Collective Investment in Transferable Securities (UCITS).By meeting regulatory and investor protection standards, UCITS funds enable investment companies to register and offer trading products within the European Union.
Melanion Capital CEO Jad Comair stated that the company’s entry into the Euronext Amsterdam exchange provides Dutch investors with a “regulated and transparent solution” to obtain exposure to the Bitcoin ecosystem. Melanion’s Bitcoin Exposure Index includes equities from firms that have large stakes in Bitcoin, cryptocurrency exchanges, and mining activities.
The business states that the ETF intends to remain associated with Bitcoin market performance, while no minimum correlation criterion has been established. Melanion’s Bitcoin Equities ETF is also traded on Euronext Paris and Euronext Milan. Bitcoin ETFs made headlines in June 2023, when the world’s largest asset manager, BlackRock, filed an application with the US Securities and Exchange Commission for a Bitcoin spot ETF.
