21Shares to launch Bitcoin ETP in UK – Bits Media

Swiss investment fund operator 21Shares to launch exchange-traded product in mid-June (ETP) to Bitcoin on the Aquis Exchange in the UK.

21Shares Company (earlier – Amun) stated, that Bitcoin ETP will be launched in mid-June in partnership with GHCO trading exchange funds, which will act as a liquidity supplier for the product. According to the press release, ETP clearing will be “carried out by analogy with the ETF” and will provide institutional investors in the UK with access to BTC through regulated frames and structure, which they are used to.

Until now, the UK carefully approached the approval of cryptocurrency products. Since January, the UK Financial Supervision Office (FCA) Forbidden
Cryptocurrency derivatives for retail investors, Despite disagreement 97% participants in the discussion of this prohibition.

“We worked for several months with 21Shares on this project. We are glad, that we can thus satisfy the institutional demand for digital assets in the UK ", – said Aquis Exchange CEO Alaser Haines (Alexander Haynes).

ETC Group will also launch a cryptocurrency ETP for British investors on Aquis Exchange this week. Clearing will be carried out by the clerk center Six X-Klear, based in Switzerland. 1 June 21Shares with Wisdomtree, Vaneck and ETC Group placed ETP on the EURONEXT stock exchanges in Paris and Amsterdam.