Biden

Bitcoin

Collective

Donald Trump

<div class="finbold">
 <p class="paragraph">The European Union’s financial regulatory body, the European Securities and Markets Authority (ESMA), is considering incorporating cryptocurrencies such as Bitcoin (BTC) into the region’s vast investment landscape.&nbsp;</p>
 <p class="paragraph">In this regard, the authority is focusing on possible Undertakings for Collective Investment in Transferable Securities (UCITS) that can diversify their portfolios to include <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies among other asset classes.&nbsp;</p>
 <p class="paragraph">In a guideline published on May 7, ESMA initiated discussions with industry experts to gather insights and opinions on the feasibility and possible impact of integrating cryptocurrencies into UCITS.&nbsp;</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    President Biden to veto regulated crypto custody legislation <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bitcoin triggers hidden buy signal; Is BTC set for explosive rally? <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Donald Trump says he’s ‘fine with crypto,’ slams Biden not understanding it <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    R. Kiyosaki warns the dollar ‘is screwed up’ and ‘it’s going to get worse' <span class="self-center text-xs text-slate-500">5 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">UCITS generally consists of mutual, exchange-traded, or money market funds governed by EU regulations. However, they also attract non-EU investors seeking exposure to the European market.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“To this end, ESMA seeks stakeholders input on a number of questions, inter alia, to gather</p>
  <p class="paragraph">insights on the manner and the extent to which UCITS have gained direct and indirect</p>
  <p class="paragraph">exposures to certain asset classes that may give rise to divergent interpretations and risk</p>
  <p class="paragraph">for retail investors (e.g. structured/leveraged loans, catastrophe bonds, emission</p>
  <p class="paragraph">allowances, commodities, crypto assets, unlisted equities),” ESMA said.&nbsp;</p>
 </blockquote>
 <p class="paragraph">Interested stakeholders have until August 7 to submit their comments, potentially paving the way for UCITS to become one of the largest mainstream funds with exposure to <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> assets.&nbsp;</p>
 <h2 class="wp-block-heading" id="h-difference-from-bitcoin-etfs">Difference from Bitcoin ETFs</h2>
 <p class="paragraph">It’s worth noting that despite the existence of products such as Bitcoin exchange-traded funds (ETFs), which offer direct exposure to cryptocurrency investments, UCITS differs significantly.&nbsp;</p>
 <p class="paragraph">Instead of a singular <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>-focused fund, UCITS investments are poised to adopt a diverse approach, potentially encompassing multiple funds with varying allocations in <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies.&nbsp;</p>
 <p class="paragraph">Therefore, such a strategy will likely align with existing EU regulations, which prohibit the establishment of entirely autonomous <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>-centric investment vehicles. If passed, it remains to be seen how the product impacts Bitcoin’s price, considering that the ETF rollout in the United States contributed to BTC hitting a new record high in March 2024 of over $73,000.&nbsp;</p>
 <p class="paragraph">Indeed, the EU has been moving to offer a streamlined regulatory outlook for managing <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies. For instance, in 2023, the region passed the Markets in Crypto Assets (MiCA) regulation.&nbsp;</p>
 <p class="paragraph">Overall, the crypto measures seek to enhance legal certainty for businesses and foster increased regional investment.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/eu-securities-authority-weighs-adding-crypto-to-12-trillion-investmnent-market-tbt87895.html">https://thebittimes.com/eu-securities-authority-weighs-adding-crypto-to-12-trillion-investmnent-market-tbt87895.html</a></p>

EU Securities Authority weighs adding crypto to €12 trillion investmnent market

Table of Contents

TheBitTimes

Other articles published on May 9, 2024

KangaMoon aims to match Dogwifhat and Bonk in rewarding investors

Taiwan proposes tougher AML measures for crypto service providers

Spot Bitcoin ETFs Clock $11M Net Inflows On Wednesday As Grayscale Shifts Focus To Spot Ether ETF

Cryptocurrency Heist: $68 Million Stolen

Banksy owner jailed for $7.1 million crypto scam

XRP Becomes Most Discussed Asset on Market, Here's Why

Join our free newsletter for daily crypto updates!