HomeCryptoEU considers including cryptocurrency in €12 trillion investment market larger than Bitcoin...

EU considers including cryptocurrency in €12 trillion investment market larger than Bitcoin ETFs – DL News

-


European Securities Watchdog Considers Including Crypto Assets in Investment Products

The European Union securities watchdog is considering a groundbreaking move that could potentially revolutionize the crypto industry. The European Securities and Markets Authority (ESMA) is seeking input from stakeholders on whether to include crypto assets in investment products under the UCITS framework, which is a €12 trillion market.

If approved, this decision could open up a massive market for cryptocurrencies, allowing them to reach a wider audience and potentially increase their adoption. Experts believe that this move could be a game changer for the crypto industry, as it would mainstream crypto assets in Europe and provide more opportunities for investors to access them.

This development comes on the heels of the US and Hong Kong regulators approving Bitcoin ETFs, signaling a growing interest from traditional financial players in the crypto space. In the US alone, funds managed by major players like BlackRock and Grayscale have seen significant inflows this year, driving the Bitcoin rally in the first quarter of 2024.

However, the approval of crypto assets into the UCITS framework is not guaranteed. ESMA is accepting feedback from stakeholders until August 7, and the decision-making process is expected to be complex and involve negotiations.

While there are potential obstacles to overcome, such as custody issues and compliance with the Markets in Crypto-Assets regulation (MiCA), experts believe that the inclusion of crypto assets in UCITS could have a significant impact on the industry. This move could pave the way for more diversified investment options and increased liquidity in the crypto market.

Overall, the decision on whether to include crypto assets in the UCITS framework is a crucial one that could shape the future of the crypto industry in Europe. Stay tuned for updates on this evolving story.

LATEST POSTS

Epic Games CEO Hints at Blockchain Integration for Fortnite, Rules Out Crypto and NFTs

Epic Games CEO Teases Blockchain for Fortnite, No Crypto or NFTs - Technical Potential Over Financial Uses Epic Games CEO Tim Sweeney has hinted at...

XRP Outperforms BTC, SOL, and ETH on Binance, Coinbase, and Kraken in Key Metric

XRP Surpasses Bitcoin, Solana, and Ethereum in Trade Volume on Major Exchanges The cryptocurrency market is buzzing with excitement as XRP, the digital asset associated...

Asset manager predicts that Trump administration could designate Bitcoin as a strategic reserve asset

Bitcoin's Potential as a Strategic Reserve Asset Under a Future Trump Administration Asset manager Bryan Courchesne recently made a bold prediction on CNBC, suggesting that...

What crypto policies might potential Vice Presidents under Kamala Harris bring to the table?

Potential Democratic and Republican Candidates for the 2024 Presidential Election The 2024 presidential race is heating up as experts predict that United States Vice President...

Most Popular