Bitcoin ETF now available on Euronext Amsterdam.
On June 22, a new exchange-traded fund (ETF) was launched on the Euronext Amsterdam Stock Exchange, offering investors exposure to a selection of Bitcoin-related company stocks. The French investment firm Melanion Capital created the Bitcoin Equities ETF, which follows the Melanion Bitcoin Exposure Index, a custom basket of European and American stocks closely linked to the price of Bitcoin. The ETF complies with the European Commission’s regulatory framework for managing and trading mutual funds. The ETF includes companies with significant investments in Bitcoin holdings, cryptocurrency exchanges, and mining operations, such as MicroStrategy, Coinbase, Robinhood, Riot, Marathon Digital, and Hut8. Melanion’s Bitcoin Equities ETF is also listed on the Euronext Paris and Euronext Milan stock exchanges. The ETF aims to remain correlated to the market performance of Bitcoin, although a minimum correlation threshold has not been established. BlackRock, the world’s largest asset manager, has also filed an application for a Bitcoin spot ETF with the United States Securities and Exchange Commission. Melanion Capital CEO Jad Comair hopes that the ETF will provide Dutch investors with a regulated and transparent way to invest in the Bitcoin ecosystem.