✨ 21Shares Calls for Crypto Regulatory Clarity in Europe
posted 7 Oct 2024
Crypto investment company 21Shares urged financial authorities to establish clear rules for the European market.
“This move would provide much-needed clarity for retail and institutional investors across Europe,” the release stated.
These funds invest in a wide range of assets, such as stocks, bonds, and other financial instruments, but the rules around including crypto assets vary between countries.21Shares drew ESMA’s attention to the fact that currently, European countries like Germany and Malta offer UCITS holding crypto. However, in other countries like Luxembourg and Ireland, this is not the case.
These differences create confusion among investors, who may find it difficult to understand and compare their investment options. As a result, investors often need to access these assets through professional managers, which can be expensive.
21Shares is one of the world’s largest issuers of crypto exchange-traded products (ETPs). It offers investment products for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and other cryptocurrencies.
In an October 7 release directed to the European Securities and Markets Authority (ESMA), 21Shares said there's a need for unified crypto rules. According to the company, crypto assets need to be included in UCITS (Undertakings for Collective Investment in Transferable Securities) funds.
“This move would provide much-needed clarity for retail and institutional investors across Europe,” the release stated.
21Shares’ press release on crypto regulations. Source: GlobeNewswire
To clarify, UCITS are a set of European Union regulations that allow for the creation and distribution of investment funds across the EU under a standardized regulatory framework. They offer investor protection, transparency, and diversification, making them accessible to both retail and institutional investors.
These funds invest in a wide range of assets, such as stocks, bonds, and other financial instruments, but the rules around including crypto assets vary between countries.21Shares drew ESMA’s attention to the fact that currently, European countries like Germany and Malta offer UCITS holding crypto. However, in other countries like Luxembourg and Ireland, this is not the case.
These differences create confusion among investors, who may find it difficult to understand and compare their investment options. As a result, investors often need to access these assets through professional managers, which can be expensive.
21Shares is one of the world’s largest issuers of crypto exchange-traded products (ETPs). It offers investment products for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and other cryptocurrencies.
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