{"id":24990,"date":"2024-05-09T13:01:39","date_gmt":"2024-05-09T13:01:39","guid":{"rendered":"https:\/\/bitcoins-101.com\/2024\/05\/09\/eu-regulator-considers-approving-bitcoin-for-ucits-products\/"},"modified":"2024-05-09T13:01:39","modified_gmt":"2024-05-09T13:01:39","slug":"eu-regulator-considers-approving-bitcoin-for-ucits-products","status":"publish","type":"post","link":"https:\/\/bitcoins-101.com\/2024\/05\/09\/eu-regulator-considers-approving-bitcoin-for-ucits-products\/","title":{"rendered":"EU Regulator Considers Approving Bitcoin for UCITS Products"},"content":{"rendered":"<p>The European Securities and Markets Authority (ESMA), the EU&#8217;s financial watchdog, is <a href=\"https:\/\/www.esma.europa.eu\/press-news\/esma-news\/esma-asks-input-assets-eligible-ucits\">reviewing<\/a> whether to allow Bitcoin into the region&#8217;s \u20ac12 trillion mutual fund market.<\/p>\n<p>JUST IN: \ud83c\uddea\ud83c\uddfa EU Securities Authority\u00a0is exploring adding <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> and Crypto exposure to the \u20ac12T investment market.<\/p>\n<p>EU is gearing up \ud83d\ude4c <a href=\"https:\/\/t.co\/kVYZrrEFCx\">pic.twitter.com\/kVYZrrEFCx<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1788528162801889453?ref_src=twsrc%5Etfw\">May 9, 2024<\/a><\/p>\n<p>ESMA <a href=\"https:\/\/www.esma.europa.eu\/sites\/default\/files\/2024-05\/ESMA34-1270380148-1032_Call_for_Evidence_on_the_UCITS_EAD_Review.pdf\">seeks feedback<\/a> on expanding eligible assets for Undertakings for Collective Investment in Transferable Securities (UCITS). These mainstream retail investment products comprise over 75% of funds held by EU citizens.<\/p>\n<p>If Bitcoin is approved for UCITS, it would enable Europe&#8217;s first mainstream access, meaning that fund managers could allocate small portfolios to Bitcoin within the massive framework.<\/p>\n<p>ESMA is gathering input until August 7 before making recommendations. The move follows <a href=\"https:\/\/bitcoinmagazine.com\/tags\/bitcoin-etf\">Bitcoin ETF<\/a> approvals in the US and Hong Kong, which have signaled a warming global regulatory attitude globally.<\/p>\n<p>Still, obstacles remain regarding Bitcoin custody under existing EU regulations. Rules like the upcoming Markets in Crypto-Assets (MiCA) legislation may require coordination on asset segregation.<\/p>\n<p>Nonetheless, ESMA&#8217;s proactive approach recognizes Bitcoin&#8217;s growing relevance across Europe.\u00a0<\/p>\n<p>                        <a href=\"https:\/\/bm.b.tc\/unchained-bmag-dot-com\"><\/a><br \/>\n                        <em>Click the image to learn more.<\/em><\/p>\n<p>Lawyer Andrea Pantaleo <a href=\"https:\/\/www.dlnews.com\/articles\/regulation\/crypto-could-access-ucits-market-after-esma-move\/\">states <\/a>the impact could eclipse recent Bitcoin ETF launches. While those products are Bitcoin-focused, UCITS comprises diverse fund types with varying asset allocations.<\/p>\n<p>So, approval wouldn&#8217;t necessarily create standalone Bitcoin funds. But it would unlock the trillions in UCITS for modest Bitcoin exposure.<\/p>\n<p>This could significantly benefit liquidity while encouraging EU adoption. However, a long road remains before Bitcoin&#8217;s inclusion given strict EU standards.<\/p>","protected":false},"excerpt":{"rendered":"<p>The European Securities and Markets Authority (ESMA), the EU&#8217;s financial watchdog, is reviewing whether to allow Bitcoin into the region&#8217;s \u20ac12 trillion mutual fund market. JUST IN: \ud83c\uddea\ud83c\uddfa EU Securities Authority\u00a0is exploring adding #Bitcoin and Crypto exposure to the \u20ac12T investment market. EU is gearing up \ud83d\ude4c pic.twitter.com\/kVYZrrEFCx \u2014 Bitcoin Magazine (@BitcoinMagazine) May 9, 2024 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24990","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/24990"}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=24990"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/24990\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=24990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=24990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=24990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}