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Bitcoin appears on the third largest exchange in Europe
CONTENT

  • Institutions from Europe will be able to invest in bitcoin

  • Bitcoin will be available on the third largest exchange in Europe

  • More and more institutional investors are ready to invest in MTC

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21Shares announced the listing of its ETP fund on one of the largest online trading platforms Xetra, which belongs to the third largest European stock exchange Deutsche Boerse.

Bitcoin became more accessible for Europeans

 

Swiss company 21Shares has announced that its new ETP fund, which provides investment vehicles for institutional investors, has been added to the list of Xetra trading floors. The new fund opens up access for institutions to invest in bitcoin, which was not previously available.

“Listing on Xetra not only strengthens our current position in Germany, but also opens up institutional grade cryptocurrency to the wider European and international markets,” said Laurent Kssis, Managing Director of 21Shares.

21Shares launched its first Bitcoin ETP at the end of 2018 on Switzerland’s largest SIX Swiss Exchange. Since then, the company has released products that provide access to cryptographic as well as other investment instruments..

Deutsche Boerse Group has two trading floors: Xetra and the Frankfurt Stock Exchange. Together they are considered the third largest trading platform in Europe after the London Stock Exchange and Euronext.

Bitcoin becomes more accessible to institutions

 

As a reminder, this is not the first fund to offer institutional clients access to cryptocurrency investments. Earlier BeInCrypto reported that investment company Raiz Invest announced the launch of a new service for their clients – investing in bitcoin. The corporation says the new asset portfolio, dubbed Sapphire, will make it easier to invest in cryptocurrency.

And in Canada, the Ontario Securities Commission approved the listing of shares of the Bitcoin Fund on the Toronto Stock Exchange. This decision was first made in Canada and became a real sensation for the cryptocurrency market. Several large American funds, which are focused on investing in bitcoin and other coins, were unable to obtain such permission from the US SEC and enter the stock markets. What the 3iQ Foundation has done is truly amazing.

Tyler Winklevoss, CEO of Gemini, expressed his admiration for the incident. He also thanked the management of 3iQ, which chose the Gemini exchange as the custodian of the fund. Winklevoss wrote on his official Twitter page that in this way the bitcoin fund is creating a new story..

We also wrote that institutional investment in a fund Grayscale peaked. Grayscale notes that many of the investors see digital assets as a medium to long-term investment opportunity and use such assets as the main component for investment portfolios..

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Bitcoin appears on the third largest exchange in Europe

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Bitcoin appears on the third largest exchange in Europe
Bitcoin appears on the third largest exchange in Europe

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