Coin Shares launched the UCITS platform's first mining ETF to start trading

On 21 July, the encrypted asset management company CoinShares launched the UCITS platform and synchronized its first fund under the flag of Coin Shares Bitco Mining UCITS ETF, which started trading on Tuesday at the German Exchange Xetra. CoinShares stated that the central obstacle to institutional entry previously lay in the product structure, that many institutions had investment authorizations to restrict their holdings of debt securities and that the introduction of the UCITS framework would effectively lift that restriction. The UCITS platform is a fund issuance and management platform based on the regulatory framework of the EU Portfolio of Negotiable Securities Scheme. Strict investment restrictions, risk dispersion, liquidity and information disclosure requirements for the Fund's products are in place to ensure investor protection, while the European Passport mechanism is granted to allow approved funds to be freely sold across the EU/EEA borders。