The Gibraltar Stock Exchange (GSX) announced a launch of BitcoinETI, an asset-backed Exchange Traded Instrument that is invested exclusively in Bitcoin, creation it a initial European-regulated product for a heading digital currency. The ETI is listed on GSX with a ticker BTCETI and is in a process of also being co-listed on Deutsche Börse in a entrance weeks.
“GSX is an E.U.-regulated marketplace that offers fit and cost-effective solutions for innovative companies and financial products,” pronounced GSX Managing Director Nick Cowan. “We demeanour brazen to ancillary a BitcoinETI in a entrance to a open markets.”
BitcoinETI is released by iStructure PCC PLC, a Gibraltar-based company, in partnership with Argentarius ETI Management Limited (Listing Member of GSX and securitization specialist), Gibraltar-based fintech specialists Revoltura Limited (an iStructure PCC PLC subsidiary), a supervision of Gibraltar, and a Financial Services Commission (Gibraltar’s regulator).
“An Exchange Traded Instrument is a batch sell traded confidence that is corroborated by an underlying item or a basket of assets,” Argentarius CEO Andreas Woelfl pronounced in a statement. “European worldly investors such as item managers, grant funds, and private bankers have now a probability to constraint a opening of Bitcoin