The 21Shares Bitcoin ETP (ABTC) will list on the Aquis Exchange, a pan-European multi-lateral trading facility (MTF) based in London and Paris, on 7 June in partnership with authorised participant GHCO.
GHCO will act as the liquidity provider for ABTC which will be centrally cleared.
Competition is fierce within the crypto ETP space in Europe with 21Shares following ETC Group in listing a bitcoin ETP on the Aquis Exchange, a move that was announced last week.
The firm said it is working with the Aquis Exchange to bring more of its crypto strategies to institutional investors in the UK including ethereum, ripple, tezos, polkadot, cardano and stellar.
Hany Rashwan, CEO of 21Shares, commented: “This is the right time to bring our crypto ETP to the institutional UK market.”
Daniel Izzo, CEO of GHCO, added: “ETPs are a key development for investing in crypto assets as it matures as an asset class. We expect more demand for this reliable, easily-accessible infrastructure with deep pools of liquidity – liquidity that we are happy to facilitate.”
Alasdair Haynes, CEO of Aquis Exchange, said: “We have been working alongside 21Shares on this project as we are keen to respond to institutional demand in the UK for digital assets.”
Last week, 21Shares launched three crypto ETPs on Euronext Paris and Amsterdam following regulatory approval in the respective countries.