The Malta Financial Services Authority has reportedly provided the go-ahead for the crypto asset index fund from asset manager Iconic Funds, to have its listing finalized on the Malta Stock Exchange.

Specifically, Iconic Funds reportedly revealed that it aims to complete the listing of its BITA20 XA Crypto Asset Index Fund on the exchange “in the coming days”, with the fund providing exposure to crypto in a direct manner. 

The fund made a majority of its capital available for investments in the top 20 cryptocurrencies, apart from making deposits of tokens into particular staking and interest-bearing accounts.

Per Iconic, the option to make investments in the fund will exclusively be opened up for people who have met its standard, and not publicly rolled out to the general audience. 

“While the crypto world seems hyper-focused on the ever-elusive spot Bitcoin ETF, we decided to stay ahead of the curve and list the Iconic BITA20 XA Crypto Asset Index Fund on a regulated market in Europe” Head of Iconic Funds – Patrick Lowry – reportedly remarked. 

“Investors are actively seeking access to crypto beyond just Bitcoin, and we hope our fund’s listing gives professional investors more opportunity to gain exposure to the crypto market.”

While Malta is offering the regulatory go-ahead to crypto index funds, United States lawmakers have reportedly begun granting authorization to Bitcoin (BTC) futures-linked exchange-traded funds, with the Bitcoin Strategy ETF from ProShares, will be listed for trading on the New York Stock Exchange, on the heels of the coin’s price value on its way to hit an all-time high figure of $67,000.