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

Bitcoin Watch Shop

The Gibraltar Stock Exchange (GSX)
announced

the launch of BitcoinETI, an asset-backed Exchange Traded
Instrument that is invested exclusively in Bitcoin, creation it the
first European-regulated product for a heading digital currency.
The ETI is listed on GSX with a ticker BTCETI and is
in the
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 forward
to ancillary a BitcoinETI in a entrance to a public
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
security 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, pension
funds, and private bankers have now a probability to constraint the
performance of Bitcoin by an E.U. batch exchange.”

Exchange


Read more ... source:

Advertise on the Bitcoin News

Do you like The Bitcoin News ? Thank you for Support us !
BTC: 1FVCSiK2ErerjH1kBP4VLS5LqR3YzmVeXf
ETH: 0xa829E61Cc130b4f02fbfc9D7763361a550C7f824