BitcoinETI, the new exchange product allowing to invest only in the digital currency, has been listed on Gibraltar Stock Exchange (GSX) and German Deutsche Boerse under the ticker BTCETI.

Europe’s first bitcoin-based exchange investment is backed by assets worth €10 mln. Investors will be able to carry out transactions with BitcoinETI through regulated European brokers. Transactions processing will be handled through the clearing centres Euroclear and Clearstream processing traditional bonds transactions in Europe.

Minimum lot size using BitcoinETI is €100,000, with 1.75% fee for funds management. The American cryptocurrency holding Coinbase will store the bitcoins.

BitcoinETI securities issue will be carried out by Gibraltar-registered iStructure PCC PLC, sponsored by its subsidiary Revoltura Ltd.

“By listing the ETI on the Gibraltar Stock Exchange, which is an EU regulated market, we are able to bring a high-level of transparency and liquidity to investors,” Revoltura CEO Ransu Salovaara says.

The bitcoin annual rate growth was 30% in 2015. As of July 2016, the cryptocurrency added another 50% YoY, while the volume of bitcoin daily trading is about €1 million.

The Government of Gibraltar (British enclave in the Iberian Peninsula) has demonstrated the intention to become a financial centre for digital currencies in Europe and improve the investment climate for this segment. The local finance minister Albert Isola noted:

“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.”

The Gibraltar Stock Exchange was founded in 2014.

Elena Platonova