21Shares lists its Bitcoin ETP on the Aquis Exchange

21shares, based in Switzerland, formerly known as Amun, has announced that it will make its Bitcoin ETP (BTC) traders in the UK available through the Aquis Exchange.

According to an announcement by 21Shares, its publicly traded Bitcoin product, or ETP, will be available to professional investors on the Aquis Exchange this summer.UK-based GHCO will act as the liquidity provider for the crypto ETP. and 21Shares says the product is “as [fondo cotizado en bolsa]”.

• ETPs trade on exchanges similar to publicly traded stocks, and UK institutional investors are invested in Bitcoin through a regulated framework and structure that are already used to them by those who are used to it?said 21Shares. “The ETP is designed to provide UK institutional investors with safe and profitable exposure to Bitcoin without the challenges associated with Bitcoin custody and security.”

21Shares lists its Bitcoin ETP on the Aquis Exchange
21Shares lists its Bitcoin ETP on the Aquis Exchange

21Shares had over $ 1.5 billion in assets under management in 14 available ETPs on European exchangesOne unit of the company’s Bitcoin ETP in the Aquis will reportedly represent an exposure to 0.00035 BTC, or approximately $ 12.54, at press time.

Some companies have started expanding their cryptocurrency products into the UK marketAlso on Monday, the Bitcoin ETP of the crypto investment manager ETC Group started trading on the Aquis Exchange in London and Paris. The country’s financial regulator, the Financial Conduct Authority, banned the sale of crypto derivatives to retailers in January.

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