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JUST IN: The 🇪🇺 European Securities and Markets Authority, EU's financial supervisory authority, is considering allowing 💶 €12T investment market UCITS funds to invest in #Bitcoin and digital assets 👀 They're seeking industry feedback on the risks and benefits of this move. https://t.co/74F33qUjhT
💥BREAKING💥 🇪🇺 European regulator considers to approve #Bitcoin as asset that can be included in UCITS UCITS market is $12.8 TRILLION It could trigger an inflow of $100 BILLION into #Bitcoin Just remember that $12 Billion of net inflows in the US #Bitcoin ETFs made $BTC go…
JUST IN: 🇪🇺 European markets regulator considers adding #Bitcoin to the list of approved assets that can be included in the $12 TRILLION market for UCITS. - UCITS are ~2x bigger addressable market than US ETFs. - Bitcoin ETFs have attracted +$50 BILLION in the USA so far. 😱 https://t.co/owL3qlv75k
Susquehanna International, an asset manager with $429 billion in assets, now owns $831 million in Bitcoin across 10 ETFs. Concurrently, the European markets regulator, the European Securities and Markets Authority, is considering allowing the inclusion of Bitcoin in UCITS funds, which represent a $12.8 trillion market. This potential move, which is still under industry feedback consideration, could trigger an inflow of $100 billion into Bitcoin, significantly impacting the market. UCITS funds are approximately twice the size of US ETFs, and Bitcoin ETFs in the US have already attracted over $50 billion.