Melanion Capital’s Melanion Bitcoin Equities UCITS ETF has made its debut on Xetra, Germany’s primary electronic trading platform. The ETF, identified by the Bloomberg ticker MBTC GY and ISIN code FR0014002IH8, commenced trading on May 6, 2025.
To commemorate this milestone, Melanion Capital participated in the traditional opening bell ceremony at Deutsche Börse, underlining its commitment to the German market and the listing of its ETF on Xetra.
This launch signifies a significant opportunity for German investors to engage with the bitcoin ecosystem through a UCITS-compliant ETF that adheres to European regulatory standards. The MBTC GY ETF provides exposure to equities by mirroring the performance of the Melanion Bitcoin Exposure Index, which comprises a curated selection of 30 European and North American stocks known for their close correlation to bitcoin price fluctuations.
Jad Comair, the CEO of Melanion Capital, expressed enthusiasm about the ETF’s listing on Xetra, emphasizing the strategic importance of expanding the firm’s presence across Europe. Germany, as a key market for regulated investment products, now offers local investors access to bitcoin-related equities within a UCITS-compliant framework.
The Melanion Bitcoin Exposure Index is constructed from companies with significant sensitivity to bitcoin price movements, weighted based on this sensitivity level. Before inclusion, constituents undergo liquidity screening and are capped at a maximum weighting of 10% to maintain diversification and scalability.
While the ETF tracks companies with operational or financial ties to the bitcoin ecosystem, it does not directly invest in bitcoin or other cryptocurrencies. The index’s performance may not be directly correlated with bitcoin’s price movements.
Initially listed on Euronext Paris, the Melanion Bitcoin Equities UCITS ETF has expanded its presence to Euronext Milan, Euronext Amsterdam, and now Deutsche Börse Xetra, reflecting the growing demand for investment products linked to the digital asset space.
By offering exposure to companies engaged in bitcoin-related activities, the ETF provides a gateway for investors seeking indirect involvement in the cryptocurrency sector through established equities.
As the digital asset landscape continues to evolve, the introduction of bitcoin-focused ETFs on prominent trading platforms like Xetra underscores the increasing acceptance and integration of cryptocurrencies into traditional investment frameworks.
The listing of the Melanion Bitcoin Equities UCITS ETF on Xetra not only expands investment opportunities for German market participants but also signifies a broader trend towards incorporating digital assets into mainstream financial markets.