The new product offers European investors a chance to gain direct exposure to Bitcoin through a regulated investment vehicle, making it easier and safer for both institutional and retail investors to enter the cryptocurrency market.
Earlier in March, Mt. Gox transferred 12,000 $BTC when Bitcoin was trading at around $92,000. Since then, Bitcoin’s value has dropped by nearly 7% and is now hovering around $87,000.
The company has spent an estimated $33.7 billion on Bitcoin, buying at an average cost of $66,608 per $BTC when including fees and expenses.