The British company Litenchain Asset Management will launch a bitcoin ETF called Litenchain Bitcoin ETF on the European market.
In October 2021, the firm received approval to set up a cryptocurrency exchange-traded fund from the Guernsey Financial Services Commission. The organization has developed an ETF that will begin trading on Amsterdam’s Euronext Stock Exchange in July under the ticker BCOIN.
The Litenchain Bitcoin ETF will give investors access to this amazing asset class through a well-established and reliable infrastructure.
Our goal is to simplify the process of investing in cryptocurrencies for institutional and professional investors,” said Jamie Khurshid, CEO of Jacobi Asset Management.
The exchange-traded fund was developed with the support of custodial and trading platform Fidelity Digital Assets, as well as Flow Traders, which will act as the ETF’s lead market maker. Institutional trader from Flow Traders Edd Carlton noted the increased demand for bitcoins from large investors, due to their desire to diversify the portfolio.
The independent Dutch law firm Kennedy Van der Laan will oversee the BCOIN creation and listing process. As a result, Euronext customers can be confident that Bitcoin ETFs are legally compliant.