21Shares and ETC group will both be launching a crypto ETP on the Aquis Exchange Multilateral Trading Facility in London for all UK investors as we can see more in our latest altcoin news.
Swiss-based investment product provider 21Shares will be launching a BTC exchange-traded product in the UK on the Aquis Exchange Multilateral Trading Facility in the middle of June. 21Shares is also known as Amun, said that the product will be launched in mid-June and it is in partnership with the exchange-traded fund’s company GHCO that will act as a liquidity provider for the BTC ETP. The ETP will be cleared and engineered like an ETF and will give the institutional investors in the UK more exposure to BTC via a regulated framework as well as a structure that they are already accustomed to as the firm said in a press release.
So far, the UK has been taking a cautious approach to approving crypto products and the Financial Conduct Authority banned the sale of derivatives and exchange-traded notes because it described them as products to be ill-suited for retail consumers citing potential harm. The CEO of Aquis Exchange Alasdair Haynes said:
“We have been working alongside 21Shares for months on this project. We are pleased to be able to respond to institutional demand in the U.K. for digital assets in this way.”
ETC Group will also be launching a crypto ETP that will be available to UK investors on the Aquis Exchange MTF with the clearing being carried out by the Swiss-based central counterparty clearing house SIX x-clear. 21Shares along with Wisdomtree, ETC Group, and VanEck listed ETPs on the Euronext Paris as well as the Amsterdam Stock exchange.
As recently reported, The crypto investment firm ETC Group is launching an ETH exchange-traded product on the Deutsche Borse Xetra with the ZETH Ticker. This marks the second crypto investment product after the bitcoin ETP as per a press release. The exchange-traded product is a security that can be traded and the value depends on the underlying security. In this case, an ETH ETP will be tracked to the price of Ethereum and will allow investors to gain more exposure to the volatile crypto’s price without having to buy it themselves.
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