A New Era for Bitcoin Investments
On July 22, 2015, BitcoinETI burst onto the scene as the first regulated exchange-traded instrument (ETI) in Europe solely dedicated to Bitcoin. Its debut on the Gibraltar Stock Exchange GSX was kind of like a rock concert for finance nerds—an event where digital currency enthusiasts and traditional investors alike shouted, “It’s about time!”
What Is BitcoinETI?
BitcoinETI is designed to give professional investors a straightforward way to gain exposure to Bitcoin while trading in Euros. For a cool 1.75% management fee on a minimum order of €100,000, investors can dive into the Bitcoin pool without needing to swim around in the murky waters of private keys and wallet management. Yes, please!
Co-Listing with Deutsche Börse
Shortly after its GSX debut, BitcoinETI is making waves by listing on Deutsche Börse under the catchy symbol ‘BTCETI’. And while that sounds like the next big superhero film, it’s actually just making it easier for investors across 31 EEA countries and Switzerland to jump aboard the crypto train through their usual regulated brokers.
The Power Behind the Curtain
What makes BitcoinETI tick? It’s a collaborative effort from several heavyweights in the finance world including Revoltura Ltd, iStructure PCC PLC, and Coinbase for custody services. Think Avengers, but for digital currency compliance and innovation. The Government of Gibraltar, along with the Financial Services Commission, helps ensure that all pieces are appropriately manicured and legal in the bustling financial garden of Europe.
Why Choose an ETI?
What makes ETIs a smart choice for professionals—like asset managers, pension funds, and slick private bankers? According to Andreas Woelfl, CEO of Argentarius ETI Management, ETIs offer a transparent and straightforward way to gain exposure to Bitcoin while enjoying the comfort of being backed by underlying assets. It’s like having your cake and eating it too, but with less risk of food coma.
- Flexibility in investment without complex structures.
- Link to performance to ensure your asset sways with Bitcoin’s price dances.
- Easy trading and settlement through your regular broker.
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