Paris, 22 October 2021 – GHCO, the leading market-maker and liquidity provider specialising in ETFs, has been appointed as the official liquidity provider for the first thematic Bitcoin ETF in Europe, which was launched today by Melanion Capital, the Paris-based independent alternative investment management company.
BTC Equities Universe UCITS started trading on Euronext Paris today and marks the first listing of a UCITS Bitcoin-related product in Europe, which means that retail and institutional investors across the European Union are able to invest in it, with all the same regulatory standards and protections of traditional UCITS ETF.
The ETF will provide investors with Bitcoin exposure by tracking the Melanion Bitcoin Exposure Index, a custom basket of 30 equities that are the most sensitive to the price of Bitcoin.
As the liquidity provider for the ETF, GHCO will ensure that institutional investors have access to ample liquidity are quoted the tightest spreads.
Dan Izzo, CEO of GHCO said: “This launch marks yet another significant step in the rise of regulated crypto-related financial products. As digital assets continue to mature as an asset class, we expect to see more demand for these kinds of products.”
Jad Comair, President of Melanion Capital, said: This is the result of a strong investor demand for Bitcoin-related products in France and across Europe and we plan to bring more institutional-grade crypto products to the market.”
GHCO is one of the fastest-growing liquidity providers specialising in exchange traded funds. It strives to make ETFs accessible in every market worldwide with a focus on intelligent algorithmic trading, tight spreads, reliable presence and the expertise to price a wide range of products.
With offices in the UK and US, GHCO is a market maker on and off all major European exchanges. Throughout a single trading day, GHCO quotes thousands of products and helps asset managers to bring even the most niche and esoteric products to market.
For more information, please visit: www.ghco.co.uk
About Melanion Capital
Recognized as a “Jeune Enterprise Innovante” by the French Ministry of Research. Melanion Capital was launched in 2013 in Paris as an alternative investment manager. The firm won awards for its Lyxor Melanion Fund and was named Emerging Manager of the year by Hedge Funds Review. Following the launch of investment funds focused on dividend futures, volatility dispersion strategies and the development of seeding programs for new asset managers, Melanion established its Digital Asset Business in 2020.
For more information, please visit www.melanion.com