Gibraltar Stock Exchange to Introduce Bitcoin Instrument, BitcoinETI

The Gibraltar Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (GSX) has rolled out a new product on its asset suite, becoming the first exchange in Europe to list a European regulated product based exclusively on the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, per a GSX report.

The group has unveiled BitcoinETI, an exchange traded instrument that is based on a composite of Bitcoin investments, which will in turn be listed on both the GSX and Deutsche Boerse under the ticker BTCETI. The launch of BitcoinETI is important not only for investors looking for transparent and viable exposure to Bitcoin, but also for future prospects for the cryptocurrency itself, which has crept into the realm of other investment instruments.

The introduction of BitcoinETI also represents the culmination of Gibraltar's efforts to rebrand itself as a European cryptocurrency hub – indeed, the country’s decision to list an instrument entirely based on the digital currency will look to usher in a number of additional options in the future, as portended by Gibraltar’s Minister for Financial Services and Gaming, Albert Isola.

According to Ransu Salovaara, CEO of BitcoinETI sponsor Revoltura, in a recent statement on the introduction of the instrument: "We continue to work with the private sector and our regulator on an appropriate regulatory environment for operators in the digital currency space and the launch of this ETI on our stock exchange demonstrates our ability to be innovative and deliver speed to market.”

In the US, fintech investors Tyler and Cameron Winkelvoss and Bitcoin proponents are also vying to launch the first regulated Bitcoin investment instrument on a US exchange. The fate of the initiative is presently in the hands of the US Securities and Exchange Commission (SEC), which will ultimately decree whether any Bitcoin investment instrument would be approved.