Aquis to list 21Shares Bitcoin ETP

Aquis to list 21Shares Bitcoin ETP.

The cryptocurrency exchange-traded product (ETP) provider 21Shares said it would add its first cryptocurrency-based instrument to the listing on the UK’s alternative trading system Aquis.

Trading in the Bitcoin ETP is set to begin in mid-June. The partner will be GHCO, an ETF specialist, which will act as the liquidity provider.

One unit of the 21Shares Bitcoin ETP is equivalent to 0.00035 BTC (~$12.6 at the time of writing).

The instrument, designed as an exchange-traded fund, will be evaluated by UK institutional investors accustomed to operating in a regulated environment, representatives of the firm said.

On June 7, trading on Aquis began for the first Bitcoin ETP from ETC Group.

The instrument is available in GBP, CHF, EUR and USD pairs.

Clearing for the exchange-traded product is performed by SIX x-clear, the clearing house of the SIX Swiss Exchange.

Back in early 2021, the FCA warned that investing in crypto assets carries with high risks.

On January 6, ban on the sale of cryptocurrency derivatives to retail investors came into force in the UK.

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