The Euronext Amsterdam stock exchange has introduced a Bitcoin equities exchange-traded fund (ETF), providing Dutch investors with an opportunity to invest in the cryptocurrency.

A new equity exchange-traded fund (ETF) has been introduced in the Netherlands, offering investors the opportunity to gain exposure to a diversified basket of Bitcoin.

On June 22, the Bitcoin Equities ETF launched by French investment firm Melanion Capital started trading on the Euronext Amsterdam Stock Exchange. This ETF brings a unique equities-focused investment approach to the Bitcoin ecosystem.

The primary objective of the ETF is to replicate the performance of the Melanion Bitcoin Exposure Index, a specially curated selection of European and American stocks that closely correlate with the market price of BTC.

The ETF adheres to the regulatory framework of the European Commission's Undertakings for the Collective Investment in Transferable Securities (UCITS), ensuring compliance in the management and trading of mutual funds.

UCITS funds enable investment firms to register and distribute trading products throughout the European Union while meeting regulatory standards and ensuring investor protection measures are in place.

According to Jad Comair, the CEO of Melanion Capital, the firm's expansion to the Euronext Amsterdam exchange offers Dutch investors a regulated and transparent opportunity to access the Bitcoin ecosystem.

The Bitcoin Exposure Index developed by Melanion includes stocks of companies that have made substantial investments in Bitcoin holdings, cryptocurrency exchanges, and mining operations.

Included in the index are prominent entities such as MicroStrategy, led by Michael Saylor, which has amassed more than 140,000 BTC worth over $12.6 billion as of April 2023. Coinbase and Robinhood, renowned exchange platforms, are also part of the index, alongside mining companies like Riot, Marathon Digital, and Hut8, forming an integral part of Melanion's stock index.

While no specific minimum correlation threshold has been set, Melanion acknowledges that the ETF intends to maintain a correlation with the market performance of Bitcoin. In addition to the Euronext Amsterdam stock exchange, Melanion's Bitcoin Equities ETF is also listed on the Euronext Paris and Euronext Milan stock exchanges.

June 2023 has seen significant coverage of Bitcoin ETFs, as BlackRock, the largest asset manager globally, made headlines by submitting an application for a Bitcoin spot ETF to the United States Securities and Exchange Commission (SEC).