Malta financial watchdog approves Iconic's crypto index fund for stock market listing
The Malta Financial Services Authority has greenlit the crypto asset index fund from asset manager Iconic Funds for listing on the Malta Stock Exchange.
In an Oct. 20 announcement, Iconic Funds said it expected to list its BITA20 XA Crypto Asset Index Fund on the exchange “in the coming days,” with the fund offering direct exposure to cryptocurrencies. The fund invests most of its capital in the top 20 cryptocurrencies in addition to depositing tokens into certain staking and interest-bearing accounts. According to Iconic, only qualifying individuals will be eligible to invest in the fund and not the general public.
“While the crypto world seems hyper focused on the ever-elusive spot Bitcoin ETF, we decided to stay ahead of the curve and list
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