PRESS RELEASE: Arcane Crypto to be included in Melanion BTC Equities Universe UCITS ETF
August 9, 2021 – Arcane Crypto today informs that the company will be included in the Melanion BTC Equities Universe UCITS ETF. On August 4, Melanion Capital announced the intention to list the ETF on Euronext in Paris and that it has received necessary approval from the French Financial Markets Authority (AMF).
The ETF aims to track the performance of the Melanion Bitcoin Exposure Index, of which Arcane Crypto currently is included. According to Melanion Capital, the index is the first of its kind due to its unique methodology based on beta weighting which bridges the gap between equities and Bitcoin. It tracks a beta-weighted equities basket exhibiting the highest correlation and revenue exposure to Bitcoin, which give the index up to 90% correlation to the price of Bitcoin. The index is calculated and distributed by Bitada and is rebalanced and reconstituted on a quarterly basis.
Link to Melanion Capital’s press release issued 2021-08-04 here.
For further information, please contact:
Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
About Arcane Crypto
Arcane Crypto develops and invests in projects, focusing on bitcoin and digital assets. Arcane operates a portfolio of businesses, spanning the value chain for digital finance. As a group we deliver services targeting payments, investment, and trading. In addition, we have a media and research division.
Arcane has the ambition to become a leading player in the digital assets space by growing the existing businesses, invest in cutting edge projects, and through acquisitions and consolidation.
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For more information, please visit: https://www.arcane.no/
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