In the words of Co-CEO Dennis Dijkstra, Flow Traders NV, an Amsterdam-based trader, is now trading the world’s first exchange-traded futures in Bitcoin (BTC) and Ethereum (ETH). XBT Provider, an issuer of crypto ETFs quoted in Sweden, stated that the Dutch corporation has “dramatically increased” the trading volume of its securities over the last few months.
There are now five top speed traders in the United States that trade cryptocurrency futures on the market, or the related currencies, but Flow Traders, headquartered in Amsterdam, is the first to disclose that it is trading in cryptocurrency futures quoted on regular stock exchanges.
Exchange-traded funds would broaden the attractiveness of digital assets by giving clients an affordable and straightforward means of investing in Bitcoin and Ethereum.
People underestimate crypto. It’s big, and it’ll be regulated very soon. Market participants are much more professional than people think. Institutional investors are interested, we know they are because they ask us to be.
Dennis Dijkstra, Co-CEO Flow Traders NV
The Dutch crypto regulatory body doesn’t share the Flow Traders NV enthusiasm regarding Bitcoin (BTC) and Ethereum (ETH) ETFs
But the excitement of the investors at Flow Traders NV is not reflected in the Dutch crypto regulator, the Dutch Authority for Financial Markets.
We discourage activities in cryptography by both consumers and professional licensees. Because of its novelty and the anonymity it potentially offers, it is very prone to abuse. Given its inability to serve the promised purpose as currency, we do not consider it an asset class.
Nienke Torensma, the Dutch Authority for Financial Markets spokesperson
Regardless of AFM’s worries, there is not much it can do to stop a corporation from dealing in controlled or derivatives and securities on a mainstream exchange.
Flow Traders NV is among the many institutional investors that are moving into the emerging cryptocurrency market. Goldman Sachs Group Inc. is setting up a digital asset trading platform, while Barclays Plc just announced that it has agreed to offer banking services in the UK to the San Francisco-based Coinbase cryptocurrency exchange platform.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.