21Shares, a crypto investment firm, has called on the European Securities and Markets Authority (ESMA) to establish standardized regulations for incorporating crypto into UCITS (Undertakings for Collective Investment in Transferable Securities) funds, according to an Oct. 7 statement.
The firm noted that the current approach lacks consistency and causes confusion for retail and institutional investors across Europe. It pointed out that some countries, like Germany and Malta, allow UCITS funds to include crypto, while others, such as Luxembourg and Ireland, do not.
Mandy Chiu, Head of Financial Product Development, explained that this fragmented approach limits retail investors’ ability to capitalize on crypto fully. She added:
“By providing a consistent set of rules across Europe, ESMA could open up new avenues for investors to diversify and enhance their portfolios in a regulated…
