Euronext has activated a new market segment reserved for professional clients on the ETFplus platform of Borsa Italiana as of today.
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By ETFWorld.co.uk
Aurelien Narminio, Head of Indices, ETFs and Securitised Derivatives at Euronext
The initiative responds to growing institutional demand and fits into the group’s strategic plan.
The segment is dedicated to exchange-traded products (ETPs) linked to crypto assets, offering Italian professionals regulated access to this type of product through the domestic market for the first time.
The operation is part of Euronext’s strategy to develop an integrated European market for digital assets, leveraging the existing regulated infrastructure. All instruments admitted to the new segment will be traded in euros, cleared by Euronext Clearing, and settled through Euronext Securities Milan.
Operational and Strategic Context
The new segment is accessible exclusively to professional clients through authorized members connected to ETFplus. This move allows Euronext to extend to the Italian marketplace an offering already present on the Paris and Amsterdam exchanges, where over 100 crypto-linked products are available.
The initiative is a component of Euronext’s “Innovate for Growth 2027” strategic agenda.
Market Demand and Regulatory Framework
The launch meets growing institutional demand. According to a State Street analysis, 68% of institutional investors have already invested or plan to invest in Bitcoin ETPs. Globally, assets in crypto ETPs have surpassed $180 billion.
The European regulatory context, with the full implementation of the MiCA (Markets in Crypto-Assets) regulation, is creating a more defined framework. This is facilitating the entry of traditional operators. Euronext specified that the initiative “ensures both efficiency and investor protection, aligns with the recommendations of supervisory authorities, and addresses the growing adoption of digital assets in international capital markets.”
Outlook and Risks
Aurelien Narminio, Head of Indices, ETFs and Securitised Derivatives at Euronext, said “The launch of the professional segment on ETFplus marks a significant milestone in our efforts to broaden access to crypto-linked instruments within Euronext’s regulated market infrastructure. It underscores our determination to foster a robust European market for digital assets. Building on our strong footprint and track record in crypto-linked assets, this new segment lays a solid foundation for further innovation and supports the growing demand for these assets in a transparent, competitive and regulated framework.”
The evolution of the segment will depend on its ability to attract issuers and generate liquidity. Risks for investors remain high and include extreme volatility, liquidity risks, custody risks, and regulatory evolution.
The opening of the professional segment on ETFplus represents a concrete step in integrating digital assets into the regulated Italian financial system. It is not an isolated operation but a component of Euronext’s pan-European strategy, which aims to provide secure and structured access to an asset class for which institutional demand is in a phase of structural growth.
Source: ETFWorld.co.uk
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