BlockBeats News, July 21st – Cryptocurrency asset management company CoinShares has launched its UCITS platform and simultaneously debuted its first fund under this platform, the CoinShares Bitcoin Mining UCITS ETF, which started trading on Tuesday on the Deutsche Boerse Xetra. CoinShares stated that the key barrier that has hindered institutional participation in the past is the product structure, as many institutions' investment mandates restrict them from holding debt securities. The introduction of the UCITS framework will effectively remove this limitation.

The UCITS platform is a fund issuance and management platform based on the EU's Undertakings for the Collective Investment in Transferable Securities regulatory framework. It sets strict investment constraints, risk diversification, liquidity, and disclosure requirements for fund products to ensure investor protection. Additionally, it provides an "European passport" mechanism that allows approved funds to be freely marketed across the entire EU/European Economic Area. The launch of UCITS platforms by cryptocurrency asset management firms like CoinShares aims to package Bitcoin mining and crypto-related strategies into compliant UCITS funds or ETFs, facilitating European institutional and retail investors to securely allocate to crypto assets through traditional channels.