Bitcoin Equities ETF launched by Melanion Capital on Euronext

Karthik Subramanian

The gates for Bitcoin ETFs seem to have finally opened around the world as we are seeing the arrival of many Bitcoin-based ETFs in many exchanges with even the US finally deciding to go ahead with a few as of the last couple of weeks.

Melanion Capital, the Paris-based alternative investment management company, has also announced the launch of its BTC Equities Universe UCITS ETF which has been listed on Euronext Paris on October 22nd and which has been gaining some decent traction. Over the past couple of weeks, there has been a slew of such announcements from various fund management companies and as far as the US is concerned, most of these ETFs have been waiting for the green signal from the SEC which finally gave the go-ahead to them a couple of weeks back. The ETFs all around the world have been launched with much fanfare but most of them seem to be based on Bitcoin which might backfire on to the companies as the investments are likely to be skewed to that one single crypto though there are thousands of others in the market.

“Being able to invest in the Bitcoin transition story in a harmonized framework for investment funds that can be sold to retail investors throughout the EU, is the next natural step in this becoming a more mainstream asset class and thematic, and we are naturally delighted to be the first firm to make this dream a reality for the European investment community,” adds Jad Comair, CEO of Melanion Capital.

Though Bitcoin dominates the crypto story, other alternate cryptos are gaining prominence over the last year or so and it remains to be seen how soon the investment companies realize the need to diversify and launch ETFs which are focused on the alternate cryptos like Ethereum as well. This would help in the maturing of the market by diverting some of the funds to alternative cryptos which would improve the balance and reduce the bitcoin dominance. This would also help to bring other cryptos to the knowledge of mainstream users which would further help to boost the crypto ecosystem in the long run.

The new ETF launched by Melanion Capital would focus on investing in companies that have a bitcoin exposure with the weightages also being assigned based on their exposure with the maximum exposure being capped at 10%.

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