Melanion Capital goes live on Euronext Amsterdam with the world’s first UCITS compliant Bitcoin Equities ETF
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Jad Comair, CEO of Melanion Capital
The fund offers fully-regulated exposure to the Bitcoin Equity Universe.
Melanion Capital, the Paris-based independent alternative investment management company, has announced that its Melanion Bitcoin Equities UCITS ETF began trading on June 22nd on Euronext Amsterdam under the Bloomberg ticker BTC NA and ISIN code FR0014002IH8.
The launch marks the first time Dutch investors can gain exposure to the Bitcoin ecosystem via a fully-regulated UCITS ETF, and pioneers an equity-based approach to the asset class. BTC NA is designed to track the Melanion Bitcoin Exposure Index, a custom basket of 30 European and North American stocks, selected for being the most sensitive to the Bitcoin price.
“The listing of our ETF on Euronext Amsterdam holds great importance for our company’s growth and signifies our dedication to serving the needs of Dutch investors. With the increasing demand for regulated investment solutions in the Bitcoin megatrend, we are proud to provide a comprehensive solution that aligns with the rigorous standards of the Dutch market. This is an additional step in our European Listing Campaign, that provides Dutch investors with an accessible and compliant vehicle to engage in the Bitcoin thematic.” explains Cyril Sabbagh, Managing director at Melanion Capital.
“This strategic expansion to Euronext Amsterdam reflects our commitment to providing Dutch investors with a regulated and transparent solution to participate in the Bitcoin thematic. The Dutch market has shown tremendous interest in digital assets, and we are delighted to offer them an avenue to access this exciting investment opportunity within a regulated framework” adds Jad Comair, CEO of Melanion Capital.
The Melanion Bitcoin Exposure Index comprises companies with sensitivity to Bitcoin, weighted according to this sensitivity. Constituents are screened for liquidity before inclusion and capped at a maximum weighting of 10% to ensure the index remains diversified, investable and scalable.
Melanion expects BTC NA to achieve a high correlation to the Bitcoin performance, however, no minimum correlation threshold has been established and the index is not guaranteed to follow the price of Bitcoin itself, rising or falling.
The Melanion Bitcoin Equities UCITS ETF has been initially listed on Euronext Paris, subsequently expanding to Euronext Milan (Borsa Italiana), and now on Euronext Amsterdam with a management fee of 0.75%/year.
This listing represents one of the steps Melanion Capital is putting in place to expand in European countries and give investors exposure to the Bitcoin Transition, which references the transition to a world in which Bitcoin and other cryptocurrencies are adopted as a useful and effective part of the wider financial ecosystem.
Source: ETFWorld.co.uk
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