ED&F Man Launches Crypto ETF Trading Service
Posted by Colin Lambert. Last updated: October 28, 2021
Brokerage firm ED&F Man has taken advantage of the burst of activity following the US Securities & Exchange Commission’s approval for the launch of Bitcoin ETFs by announcing it is among the first group of authorised participants to provide trading services in the products.
“Since 2017 we have been intensely focused on assisting our growing digital asset customer base by leveraging our capital markets platform and industry relationships to offer support for the latest regulated digital asset derivative products,” says Christopher Smith, global CEO of ED&F Man, while the firm’s global head of digital assets, adds, “The launch of these Bitcoin futures-based ETFs represents a historic moment in the evolution of this asset class. Similar to the development of VIX trading instruments in the mid 2000s, we now have Bitcoin futures, options and ETFs that allow traders to hedge and gain exposure to this growing asset class.”