Vinanz Limited US Financial Regulator Approves Bitcoin ETFs (3953Z)

TIDMBTC

RNS Number : 3953Z

Vinanz Limited

11 January 2024

11 January 2024

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

Vinanz Limited

("Vinanz" or "the Company")

US Financial Regulator Approves Bitcoin ETFs

Vianna Limited (London AQSE: BTC and US OTCQB: VINZF), the London-listed Bitcoin mining company focusing on decentralised Bitcoin mining facilities throughout the US and Canada, is very pleased to see that the US Securities and Exchange Commission ("SEC") on Wednesday approved rule changes to allow the creation of bitcoin exchange-traded funds ("ETFs") in the U.S., a long-awaited move that will give regular investors access to cryptocurrency.

Vinanz specialises in mining Bitcoin, and this extra liquidity expected in the global Bitcoin markets with the creation of regulated ETFs in the US is very positive for the Company's business model and expansion plans.

David Lenigas, Vinanz's Chairman, commented.

" The SEC's approval of spot ETFs is a landmark event for the adoption of cryptocurrency by mainstream finance, as the ETF structure gives institutions and financial advisors in the US a familiar and regulated way for investors to buy exposure to Bitcoin."

"This move by the SEC provides the most tangible link ever that irrevocably joins fiat money with cryptocurrency and should see increased money flow between fiat money and Bitcoin and makes Bitcoin far more mainstream than ever thought possible."

"The SEC's approval for spot ETFs applications from some of the world's biggest financial institutions such as BlackRock, Fidelity, Invesco and VanEck is a huge positive for the institutionalisation of Bitcoin as an asset class."

The Company's admission document is available to view on its website www.vinanz.co.uk

The directors of Vinanz Limited accept responsibility for this announcement.

For further information please contact:

Vinanz Limited

   David Lenigas                                       [e-mail] 
   Jeremy Edelman                                   [e-mail] 

First Sentinel (Corporate Adviser and Broker)

   Brian Stockbridge                                 [e-mail] 

[phone]

Clear Capital Markets (Broker)

   Bob Roberts                                         [e-mail] 

[phone]

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January 11, 2024 04:27 ET (09:27 GMT)