ESMA Awaits Inputs On Adding Crypto Into €12tn Investment Market
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The European Securities and Markets Authority is asking experts of whether it should include crypto assets in investment products, which may possibly enable crypto to access a €12 trillion market, a bigger market than the spot BTC ETFs.The ESMA’s stakeholder’s input is open until August 7. In Europe, UCITS investment funds can allocate liquidity to more crypto assets without obtaining authorization beforehand for each one. While a 100% crypto UCITS fund is not planned, many investment funds could hold 1-2% of their crypto liquidity.
