Jacobi Asset Management Introduces Earliest Bitcoin ETF in Europe

The United States is lagging in the case of Bitcoin ETFs. On the other hand, Jacobi Asset Management (the platform based in London) has declared the listing of the initial Bitcoin exchange-traded fund on Euronext Amsterdam. The Guernsey Financial Services Commission (GFSC) provided approval to the platform back in 2021’s October. Following that, the company planned the launch of a Bitcoin ETF for the first time last year.

Launch of 1st European Bitcoin ETF by Jacobi Asset Management Outcompetes the US

Nonetheless, it decided to delay the respective launch, considering it as an inappropriate time because of the collapse of the now-bankrupt crypto exchange FTX

and Terra ecosystem. At present, the Jacobi FT Wilshire Bitcoin ETF is eventually accessible, with BCOIN as its ticker. It implements annual management charges of up to 1.5% on the investors.

Fidelity Digital Assets deals with the fund’s custodial services whereas Flow Traders plays the role of a market maker. Approved members take into account DRW and Jane Street. The structure of this fund enables institutional investors to have transparent, secure, and simple access to the chief crypto token Bitcoin in line with sustainability needs. Martin Bednall (the chief executive officer of Jacobi) also commented on this.


The ETF’s Launch Will Be a Catalyst for Increased Adoption of Crypto Assets by Worldwide Entities

He stated that the respective ETF release will play the role of a catalyst in the case of the organizational adoption of crypto assets. The ETF is additionally categorized as the earliest decarbonized crypto asset fund that abides by the European Sustainable Finance Disclosure Regulation’s Article 8.

The respective legislation applies to the funds that promote social and environmental goals. The platform collaborated with Zumo (a company dealing with digital assets) for the implementation of a verifiable Renewable Energy Certificate solution. It verifies the use of the sources of renewable energy.