{"id":1387,"date":"2024-05-09T12:51:18","date_gmt":"2024-05-09T12:51:18","guid":{"rendered":"http:\/\/ci02dcf7cc800024b0"},"modified":"2024-05-09T12:51:18","modified_gmt":"2024-05-09T12:51:18","slug":"eu-regulator-considers-approving-bitcoin-for-ucits-products","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/eu-regulator-considers-approving-bitcoin-for-ucits-products","title":{"rendered":"EU Regulator Considers Approving Bitcoin for UCITS Products"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>The European Securities and Markets Authority (ESMA), the EU&#8217;s financial watchdog, is <a href=\"https:\/\/www.esma.europa.eu\/press-news\/esma-news\/esma-asks-input-assets-eligible-ucits\" target=\"_blank\" rel=\"noopener\">reviewing<\/a> whether to allow Bitcoin into the region&#8217;s \u20ac12 trillion mutual fund market.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: \ud83c\uddea\ud83c\uddfa EU Securities Authority\u00a0is exploring adding <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Bitcoin<\/a> and Crypto exposure to the \u20ac12T investment market.<\/p>\n<p>EU is gearing up \ud83d\ude4c <a href=\"https:\/\/t.co\/kVYZrrEFCx\">pic.twitter.com\/kVYZrrEFCx<\/a><\/p>\n<p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1788528162801889453?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 9, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>ESMA <a href=\"https:\/\/www.esma.europa.eu\/sites\/default\/files\/2024-05\/ESMA34-1270380148-1032_Call_for_Evidence_on_the_UCITS_EAD_Review.pdf\" target=\"_blank\" rel=\"noopener\">seeks feedback<\/a> on expanding eligible assets for Undertakings for Collective Investment in Transferable Securities (UCITS). These mainstream retail investment products comprise over 75% of funds held by EU citizens.<\/p>\n<p>If Bitcoin is approved for UCITS, it would enable Europe&#8217;s first mainstream access, meaning that fund managers could allocate small portfolios to Bitcoin within the massive framework.<\/p>\n<p>ESMA is gathering input until August 7 before making recommendations. The move follows <a href=\"https:\/\/bitcoinmagazine.com\/tags\/bitcoin-etf\">Bitcoin ETF<\/a> approvals in the US and Hong Kong, which have signaled a warming global regulatory attitude globally.<\/p>\n<p>Still, obstacles remain regarding Bitcoin custody under existing EU regulations. Rules like the upcoming Markets in Crypto-Assets (MiCA) legislation may require coordination on asset segregation.<\/p>\n<p>Nonetheless, ESMA&#8217;s proactive approach recognizes Bitcoin&#8217;s growing relevance across Europe.&nbsp;<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/unchained.png\" title=\"\"><\/figure>\n<p>Lawyer Andrea Pantaleo <a href=\"https:\/\/www.dlnews.com\/articles\/regulation\/crypto-could-access-ucits-market-after-esma-move\/\" target=\"_blank\" rel=\"noopener\">states <\/a>the impact could eclipse recent Bitcoin ETF launches. While those products are Bitcoin-focused, UCITS comprises diverse fund types with varying asset allocations.<\/p>\n<p>So, approval wouldn&#8217;t necessarily create standalone Bitcoin funds. But it would unlock the trillions in UCITS for modest Bitcoin exposure.<\/p>\n<p>This could significantly benefit liquidity while encouraging EU adoption. However, a long road remains before Bitcoin&#8217;s inclusion given strict EU standards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EU securities regulator is reviewing whether to allow Bitcoin assets into its \u20ac12 trillion mutual fund market, potentially opening the door to major mainstream adoption.<\/p>\n","protected":false},"author":2513,"featured_media":1388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[76,685,686,93],"class_list":{"0":"post-1387","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bitcoin","9":"tag-european","10":"tag-european-union","11":"tag-news"},"author_data":{"id":2513,"name":"Vivek Sen","nicename":"vivek-sen-bitcoin","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/03\/cropped-vivek-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/european-commission-plans-crackdown-on-bitcoin-new-regulations-by-june.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/1387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2513"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=1387"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/1387\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/1388"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=1387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=1387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=1387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}