The First Regulated Bitcoin Product for Europe Trades in Germany and Gibraltar

[engine]

Bitcoin trading in Europe might get a boost with the news that the first regulated e-currency starts trading this week in the Gibraltar Stock Exchange and Germany's Deutsche Boerse.

BitcoinETI will be available through regulated brokerages across Europe, and settlement will be handled through Clearstream and Euroclear, the Gibraltar Stock Exchange said, rather than via bitcoin's shared ledger system - the blockchain The First Regulated Bitcoin Product Trades in Germany and Gibraltar [reuters.com]

[RhinoFish]

It's an exchange traded investment vehicle that itself buys into (and out of) bitcoin.
So it's not bitcoins you're buying (and selling), but a govt regulated proxy for bitcoin.
Very, very interesting!
Bitcoin may undermine the fiat money system govts rely on, yet they're approving regulated trading instruments of it.
This is like the opening of a good conspiracy movie, one that won't unfold in 90 minutes, but years.
Get you slow mo popcorn out!