Investment product Issuer from Switzerland, 21Shares, is reportedly rolling out its Bitcoin (BTC) exchange-traded offering to UK-based traders, via the Aquis Exchange.

Per the update from 21Shares, previously referred to as Amun, professional traders will be able to tap into its Bitcoin exchange-traded product, through the Aquis Exchange, beginning the summer of this year. 

The UK-headquartered company GHCO will reportedly take up the role of liquidity provider for the crypto ETP, with 21Shares revealing that its offering will be designed to operate as “an [exchange-traded fund].”

“ETPs trade on exchanges in a similar manner to a listed stock and institutional investors in the U.K. will get exposure to Bitcoin via a regulated framework and structure which they are already accustomed to,” 21Shares reportedly remarked. 

Per the firm, The ETP has been built with a primary goal to equip institutional investors from the UK with Bitcoin exposure, which has a sufficient level of security and cost-effectiveness, with the absence of the issues that usually come with Bitcoin custody and security. 

21Shares reportedly disclosed that the overall figure of assets it is managing at the moment has exceeded the $1.5 billion benchmark throughout 14 ETPs available on the exchange platforms in the EU. 

One unit of its Aquis-based Bitcoin ETP will be the representative of exposure to 0.00035 BTC, approximately $12.54 at the time of publication.

Different firms are reportedly also widening the scope of their crypto offerings into the UK market, nominally crypto investment manager ETC Group’s Bitcoin ETP rolled out support for trading on the Aquis exchange in London and Paris.