The European Securities and Markets Authority (ESMA) is consulting on whether to include crypto assets in investment products, which may trigger a market revolution. The European Securities and Markets Authority (ESMA) is consulting on whether to include crypto assets in investment products. This move is expected to open up a wider market for cryptocurrencies and further promote their mainstreaming in Europe. If passed, this will be a key step for crypto assets in the European market, which may far exceed the existing spot Bitcoin ETF market size. Currently, the ESMA consultation deadline is set for August 7, pending final approval. If this move is passed, it will expand the scope of application of European transferable securities collective investment plans (UCITS). Considering that the UCITS market size is as high as 12 trillion euros, the impact of this move will go far beyond the US ETF market. DLA Piper lawyer Andrea Pantaleo said that this move may trigger a market revolution because many fund sectors may invest part of their liquidity in crypto assets. This means that more traditional investors and institutions may turn their attention to cryptocurrencies, thereby driving further growth in their market size and liquidity. #BTC #ETH #FRONT #UMA #KMD $FRONT $UMA $KMD