In a world first move, one of Europe’s largest stock exchanges, Wiener Börse, has allowed Swiss-based 21 Shares AG to list a new crypto product. The product will be listed under ticker ABTC, which will track Bitcoin as well as Ethereum. We are seeing a global increase of regulated exchange crypto listings. Absolutely bullish!
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“We are happy to share that Bitcoin is now accessible everywhere for both retail as well as institutional investors across the entire DACH region [of Germany, Austria, and Switzerland],” – Hany Rashwan, CEO of 21Shares AG, September 1st, 2020.
GBTC, another crypto related exchange product that was established back in 2015 has seen tremendous institutional interest. As of September 1st, Grayscale has once again broken record numbers for assets under management. These tweets from Grayscale are becoming a regular occurrence.
Bakkt has yet again broken all time high volumes. Keep in mind, these are the big boys entering these exchange listings. Most of them require you to be an accredited investor with yearly income above $200,000. Just out of reach for the average Joe. Want to know what’s not out of reach from the average Joe? Bitcoin. No “accreditation” required here – Simply open a Coinbase account, no harder than any other online bank.
Institutional FOMO is happening before your very eyes. My body is ready.