Melanion Capital has announced that its Melanion Bitcoin Equities UCITS ETF began trading on May 6, 2025 on Xetra, Germany’s main electronic trading platform under the Bloomberg ticker MBTC GY and ISIN code FR0014002IH8.
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Jad Comair, CEO of Melanion Capital
To mark the occasion, Melanion Capital rang the opening bell at Deutsche Börse, celebrating the listing of its ETF on Xetra and its continued expansion into the German market.
This listing marks the first time German investors can access the Bitcoin ecosystem through a UCITS-compliant ETF aligned with European regulatory standards. MBTC GY offers equity-based exposure by tracking the Melanion Bitcoin Exposure Index — a custom basket of 30 European and North American stocks selected for their high sensitivity to Bitcoin price movements.
“The listing of our ETF on Xetra marks a key milestone in Melanion Capital’s strategic expansion across Europe,” said Jad Comair, CEO of Melanion Capital. “Germany is a pivotal market for regulated investment solutions, and we are pleased to offer investors local access to equities linked to the Bitcoin ecosystem through a UCITS-compliant framework. This step supports our broader ambition to make niche exposures, such as Bitcoin-related equities, available within the standards expected by European investors.”
The Melanion Bitcoin Exposure Index is composed of companies with the highest sensitivity to the price of 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.
The ETF tracks an index of companies selected for their operational or financial exposure to the Bitcoin ecosystem. 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), following on to the Euronext Amsterdam, and now on the Deutsche Börse Xetra.
This listing represents one of the steps Melanion Capital is putting in place to expand across European markets and give investors exposure to the Bitcoin Transition, which references the transition to a world in which Bitcoin and other crypto-assets are adopted as a useful and effective part of the wider financial ecosystem.
The ETF does not invest directly in Bitcoin or other crypto-assets, but in equities of companies with business models related to the Bitcoin ecosystem. As with any investment in international equities, the ETF is exposed to market risk, currency risk, and other risks described in the fund’s regulatory documentation.
Source: ETFWorld.co.uk
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