Summary: According to a report from Financial Times, French asset management company Melanion Capital launched the first European Union (EU) -supervised crypto fund, UCIT, which will track up to 30 stocks in the crypto industry, involving crypto mining, blockchain technology, and other fields. Melanion said these stocks have a 90% correlation with Bitcoin.

According to a report from Financial Times, French asset management company Melanion Capital launched the first European Union (EU) -supervised crypto fund, UCIT, which will track up to 30 stocks in the crypto industry, involving crypto mining, blockchain technology, and other fields. Melanion said these stocks have a 90% correlation with Bitcoin.