Alternative Investments/Digital: 21Shares Launches Bitcoin ETP On London’s Aquis Exchange
The 21Shares bitcoin ETP (ABTC) will be offered to institutional investors in Britain.
Institutional investors in Britain looking for exposure to bitcoin can now trade a bitcoin exchange traded product (ETP) on the U.K.’s Aquis Exchange. The new ETP, launched by Swiss crypto exchange traded product issuer 21Shares, is named 21Shares bitcoin ETP. (Intrado GlobeNewswire)
21Shares bitcoin ETP
The new ETP is available to institutional investors in the UK, would be centrally cleared, and trade like an ETF.
One unit of the ETP is equivalent to approximately 0.00035 bitcoin.
21Shares has launched the 21Shares Bitcoin ETP with GHCO, a market maker and liquidity provider specialising in ETFs.
Institutional investors looking to invest in bitcoin can therefore do so by purchasing this ETP, assured that adequate liquidity would be provided by GHCO, and that trades would be executed at very tight spreads.
Moreover institutions would avoid bitcoin’s custody and security challenges on the one hand, and gain secure, cost-effective and a regulated exposure to the crypto currency on the other.
21Shares bitcoin ETP: Who’s who
The ETP issuer, 21Shares, is the largest crypto ETP issuer in the world with over $ 1.5 billion in AUM garnered from 14 ETPs that trade on several European stock exchanges. The UK launch of the 21Shares Bitcoin ETP follows on its successful debut on the Euronext Paris and in Amsterdam.
GHCO, the authorised participant and liquidity provider for the ATP has successfully and actively traded ETFs providing extremely competitive spreads.
The Aquis Exchange is a multilateral trading facility (MTF) – in European union regulatory parlance, a self regulated financial trading venue. It is a pan-European MTF based in London and Paris and trades highly liquid stocks across 15 European markets.
Hany Rashwan, CEO of 21Shares said: “Our strong track record and existing institutional reach across continental Europe means that investors can confidently gain exposure to Bitcoin via a liquid and conventional investment product.”
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