Currencies32962
Market Cap$ 2.65T-4.21%
24h Spot Volume$ 56.76B-40.8%
DominanceBTC59.49%+0.23%ETH6.92%-4.14%
ETH Gas0.55 Gwei
Cryptorank
MainNewsEU Regulator...

EU Regulator Considers Approving Bitcoin for UCITS Products


May, 09, 2024
1 min read
by Bitcoin Magazine
EU Regulator Considers Approving Bitcoin for UCITS Products

The European Securities and Markets Authority (ESMA), the EU's financial watchdog, is reviewing whether to allow Bitcoin into the region's €12 trillion mutual fund market.

ESMA seeks feedback on expanding eligible assets for Undertakings for Collective Investment in Transferable Securities (UCITS). These mainstream retail investment products comprise over 75% of funds held by EU citizens.

If Bitcoin is approved for UCITS, it would enable Europe's first mainstream access, meaning that fund managers could allocate small portfolios to Bitcoin within the massive framework.

ESMA is gathering input until August 7 before making recommendations. The move follows Bitcoin ETF approvals in the US and Hong Kong, which have signaled a warming global regulatory attitude globally.

Still, obstacles remain regarding Bitcoin custody under existing EU regulations. Rules like the upcoming Markets in Crypto-Assets (MiCA) legislation may require coordination on asset segregation.

Nonetheless, ESMA's proactive approach recognizes Bitcoin's growing relevance across Europe. 

Click the image to learn more.

Lawyer Andrea Pantaleo states the impact could eclipse recent Bitcoin ETF launches. While those products are Bitcoin-focused, UCITS comprises diverse fund types with varying asset allocations.

So, approval wouldn't necessarily create standalone Bitcoin funds. But it would unlock the trillions in UCITS for modest Bitcoin exposure.

This could significantly benefit liquidity while encouraging EU adoption. However, a long road remains before Bitcoin's inclusion given strict EU standards.

Read the article at Bitcoin Magazine

Read More

European Union & UAE Agree to Launch Free Trade Negotiations

European Union & UAE Agree to Launch Free Trade Negotiations

In what could be a major development for both parties, the European Union (EU) and th...
Apr, 10, 2025
2 min read
by Watcher.Guru
European Union Pauses Retaliatory Tariff on US Goods for 90 Days

European Union Pauses Retaliatory Tariff on US Goods for 90 Days

In response to US President Donald Trump’s pause of his Liberation Day tariff plan, t...
Apr, 10, 2025
2 min read
by Watcher.Guru
MainNewsEU Regulator...

EU Regulator Considers Approving Bitcoin for UCITS Products


May, 09, 2024
1 min read
by Bitcoin Magazine
EU Regulator Considers Approving Bitcoin for UCITS Products

The European Securities and Markets Authority (ESMA), the EU's financial watchdog, is reviewing whether to allow Bitcoin into the region's €12 trillion mutual fund market.

ESMA seeks feedback on expanding eligible assets for Undertakings for Collective Investment in Transferable Securities (UCITS). These mainstream retail investment products comprise over 75% of funds held by EU citizens.

If Bitcoin is approved for UCITS, it would enable Europe's first mainstream access, meaning that fund managers could allocate small portfolios to Bitcoin within the massive framework.

ESMA is gathering input until August 7 before making recommendations. The move follows Bitcoin ETF approvals in the US and Hong Kong, which have signaled a warming global regulatory attitude globally.

Still, obstacles remain regarding Bitcoin custody under existing EU regulations. Rules like the upcoming Markets in Crypto-Assets (MiCA) legislation may require coordination on asset segregation.

Nonetheless, ESMA's proactive approach recognizes Bitcoin's growing relevance across Europe. 

Click the image to learn more.

Lawyer Andrea Pantaleo states the impact could eclipse recent Bitcoin ETF launches. While those products are Bitcoin-focused, UCITS comprises diverse fund types with varying asset allocations.

So, approval wouldn't necessarily create standalone Bitcoin funds. But it would unlock the trillions in UCITS for modest Bitcoin exposure.

This could significantly benefit liquidity while encouraging EU adoption. However, a long road remains before Bitcoin's inclusion given strict EU standards.

Read the article at Bitcoin Magazine

Read More

European Union & UAE Agree to Launch Free Trade Negotiations

European Union & UAE Agree to Launch Free Trade Negotiations

In what could be a major development for both parties, the European Union (EU) and th...
Apr, 10, 2025
2 min read
by Watcher.Guru
European Union Pauses Retaliatory Tariff on US Goods for 90 Days

European Union Pauses Retaliatory Tariff on US Goods for 90 Days

In response to US President Donald Trump’s pause of his Liberation Day tariff plan, t...
Apr, 10, 2025
2 min read
by Watcher.Guru