CoinShares launches UCITS platform and launches CoinShares Bitcoin Mining UCITS ETF, which began trading on the German exchange Xetra on Tuesday. The UCITS platform is based on the regulatory framework of the EU's Transferable Securities Collective Investment Scheme, which sets investment restrictions, risk diversification, liquidity and information disclosure requirements for fund products, and grants the European Passport Mechanism, allowing approved funds to be sold across borders between the EU and the European Economic Area. CoinShares packages Bitcoin mining and crypto related strategies into compliant funds or ETFs through the UCITS platform, facilitating European institutions and retail investors to allocate crypto assets through traditional channels.