CoinShares has entered Europe’s regulated fund market with a new Bitcoin ETF platform built around UCITS rules. Its first strategy is the CoinShares Bitcoin Mining UCITS ETF, which started trading on Deutsche Börse Xetra on July 21. The fund was primarily launched on July 16 and started trading on July 21, and it invests in companies linked to Bitcoin mining rather than holding Bitcoin directly. CoinShares said the platform targets pension funds, insurers, private banks, and other institutions across Europe.