21shares to Launch Bitcoin ETP for Institutional Investors in the UK

21shares to Launch Bitcoin ETP for Institutional Investors in the UK

THELOGICALINDIAN - Switzerlandbased 21shares appear its activity to action its crypto exchangetraded artefact ETP to institutional investors in Britain The belvedere said the aim is to accommodate UK investors with acknowledgment to bitcoin after the charge to accord with crypto aegis and aegis

New Bitcoin ETP to Be Offered on London-Based Aquis Exchange

The 21shares bitcoin ETP (ABTC) will be fabricated accessible through a affiliation with GHCO, a arch bazaar maker and clamminess provider that specializes in exchange-traded funds (ETFs). It will be listed on Aquis Exchange, a multilateral trading belvedere based in London and Paris. The barter facilitates banal trading beyond 15 European markets.

21shares to Launch Bitcoin ETP for Institutional Investors in the UK

The ETP is engineered like an ETF and will be centrally cleared, 21shares abundant in a columnist absolution on Monday. As ETPs barter on exchanges analogously to stocks, institutional investors in the U.K. will be adverse a adapted framework and anatomy to which they are already acclimatized to. The Swiss aggregation added elaborated:

UK Launch to Follow Debut on Euronext Paris and Amsterdam

The bitcoin ETP will be offered in the United Kingdom this summer, afterward acknowledged launches on Euronext Paris and Amsterdam on June 1, 21shares revealed. One assemblage of the ETP represents acknowledgment to almost 0.00035 bitcoin entitlement, the crypto close added. Its arch controlling Hany Rashwan was quoted stating:

Institutional investors will accept admission to abounding clamminess provided by GHCO which is an accustomed actor in the offering.

“GHCO has been actively trading ETFs and afresh started commendation crypto ETPs. It has an incomparable clue almanac in commendation the tightest spreads, a key appeal for institutional investors,” 21shares acicular out.

Zug-headquartered 21shares is a arch crypto ETP issuer with over $1.5 billion in assets beneath administration beyond 14 ETPs listed on several European banal exchanges. The aggregation has already offered cryptocurrency ETPs for institutional investors in Switzerland, Germany, France, Austria, and the Netherlands. In March, 21shares launched bitcoin banknote (BCH) and ethereum (ETH) ETPs on Deutsche Boerse’s Xetra.

What’s your assessment about cryptocurrency exchange-traded products? Tell us in the comments area below.

Image Credits: Shutterstock, Pixabay, Wiki Commons