First European-Regulated Bitcoin Product Launched by the Gibraltar Stock Exchange

The Gibraltar Stock Exchange (GSX)

the launch of BitcoinETI, an asset-backed Exchange Traded
Instrument that is invested exclusively in Bitcoin, making it the
first European-regulated product for the leading digital currency.
The ETI is listed on GSX with the ticker BTCETI and is
in the

of also being co-listed on Deutsche Börse in the coming weeks.

“GSX is an E.U.-regulated market which offers efficient and
cost-effective solutions for innovative companies and financial
products,” said GSX Managing Director Nick Cowan. “We look forward
to supporting the BitcoinETI in its entry to the public

BitcoinETI is issued by iStructure PCC PLC, a Gibraltar-based
company, in partnership with
ETI Management Limited

(Listing Member of GSX and securitization specialist),
Gibraltar-based fintech specialists

(an iStructure PCC PLC subsidiary), the government of Gibraltar,
and the Financial Services Commission (Gibraltar’s regulator.)

“An Exchange Traded Instrument is a stock exchange traded
security that is backed by an underlying asset or a basket of
assets,” Argentarius CEO Andreas Woelfl said in a

. “European sophisticated investors such as asset managers, pension
funds, and private bankers have now the possibility to capture the
performance of Bitcoin through an E.U. stock exchange.”


Read more ... source: TheBitcoinNews

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