French investment firm Melanion Capital’s bitcoin stock ETF began trading on Euronext Amsterdam on June 22, introducing a stock-based approach to investing in the bitcoin ecosystem.

BTC NA is designed to track the Melanion Bitcoin Exposure Index, a custom-built basket of European and U.S. stocks closely tied to the market price of BTC, including companies with significant investments in Bitcoin holdings, cryptocurrency exchanges and mining operations Stocks such as MicroStrategy, Coinbase, Robinhood, Riot, Marathon Digital, and Hut8, among others. The ETF complies with the European Commission's Undertakings for Collective Investments in Transferable Securities (UCITS) regulatory framework, which is used to manage and trade mutual funds. UCITS funds allow investment firms to register and sell trading products within the EU by providing regulation and investor protection.