Gibraltar Stock Exchange (GSX) has announced today its addition of BitcoinETI, an asset-backed bitcoin-focused Exchange Traded Instrument (ETI).

According to the official release, the addition of BitcoinETI will make Gibraltar the first European regulated product for the leading digital currency. The BitcoinETI under the symbol BTCETI will be co-listed on Deutsche Börse this week. It was approved for admission to listing on GSX on 22nd July last year.

“GSX is an EU regulated market which offers efficient and cost effective solutions for innovative companies and financial products. We look forward to supporting the BitcoinETI in its entry to the public markets," Nick Cowan, MD of the Gibraltar Stock Exchange said.

A Gibraltar-based company iStructure PCC PLC issues BitcoinETI. The issue is the result of close tie-ups number of stakeholders in Gibraltar including Gibraltar-based FinTech specialists Revoltura Limited, the Government of Gibraltar, the Financial Services Commission and Argentarius ETI Management Limited.

“By listing the ETI on the Gibraltar Stock Exchange, which is an EU regulated market, we are able to bring a high-level of transparency and liquidity to investors. BitcoinETI is available through regulated brokerage firms across Europe and settlements are handled through Clearstream/Euroclear, just like any other securities,” Ransu Salovaara, CEO of Gibraltar-based company Revoltura, said.

Revoltura Limited which is the sponsor of BitcoinETI sees bitcoin as a new asset class that will be included in many portfolios. Argentarius ETI Management is the structurer and arranger of BitcoinETI. further digital currency and disruptive technology instruments are planned to be included in the list by Revoltura in the future.

Gibraltar Stock Exchange is a Gibraltar-based private limited Company that, since 2014, has a Stock Exchange license from the Gibraltar Financial Services Commission. The Gibraltar government and domestic service providers have committed significant resources towards promoting Gibraltar as a business-friendly jurisdiction with the strategic aim of raising its profile as an internationally recognized finance center.