Switzerland-based 21shares announced it’s going to offer its crypto exchange-traded product (ETP) to institutional investors in Britain. The platform said the aim is to provide U.K. investors with exposure to bitcoin without the need to deal with crypto custody and security.
New Bitcoin ETP to Be Offered on London-Based Aquis Exchange
The 21shares bitcoin ETP (ABTC) will be made available through a partnership with GHCO, a leading market maker and liquidity provider that specializes in exchange-traded funds (ETFs). It will be listed on Aquis Exchange, a multilateral trading platform based in London and Paris. The exchange facilitates stock trading across 15 European markets.
The ETP is engineered like an ETF and will be centrally cleared, 21shares detailed in a press release on Monday. As ETPs trade on exchanges similarly to stocks, institutional investors in the U.K. will be facing a regulated framework and structure to which they are already accustomed to. The Swiss company further elaborated: