Europe's largest trader of ETFs is moving into crypto

posted 8 months ago
Europe’s largest trader of exchange traded funds is moving into crypto.

Flow Traders NV, an Amsterdam based speed trader, is making markets in the first exchange traded notes based on Bitcoin.

Flow Traders is the first firm anywhere to disclose it’s buying and selling crypto notes listed on regulated stock exchanges.

Publicly traded notes or funds would broaden the appeal of virtual money as an asset class by providing a straightforward way of investing in Bitcoin.

Co-CEO of XBT Provider, an issuer of crypto ETNs listed in Sweden, Dennis Dijkstra said:

“People underestimate crypto. It’s big, and it is to be regulated very soon. The market participants are much more professional than people think. Institutional investors are interested, we know they are because we get requests.”
Tags: bitcoin, news