An Innovative Launch: Jacobi FT Wilshere Bitcoin ETF
London-based Jacobi Asset Management has made history by listing Europe’s first spot bitcoin exchange-traded fund (ETF) on Euronext Amsterdam. The ETF, named Jacobi FT Wilshere Bitcoin ETF, trades under the ticker symbol “BCOIN.” This launch is significant because it allows people in Europe to invest in Bitcoin more directly.
What Makes It Special
– It is the first spot bitcoin ETF in Europe.
– Investors can own a portion of the underlying bitcoin shares.
– The ETF does not use leverage or derivatives, providing a more secure form of Bitcoin investment.
Why was it delayed?
The original plan was to list the ETF in 2022, but it was delayed due to the collapse of the Terra ecosystem and the bankruptcy of crypto exchange FTX. These events prompted the firm to postpone the listing.
Europe Beats the US
Europe’s embrace of a spot bitcoin ETF has surpassed that of the United States. While the SEC has rejected numerous applications for such ETFs in the US, BlackRock’s recent applications featuring “surveillance-sharing” agreements may pave the way for similar products in the future.
The Future of Digital Asset Investment
The listing of the Jacobi FT Wilshere Bitcoin ETF marks a significant milestone in the digital asset investment landscape. By offering a spot bitcoin ETF, Jacobi has created an investment vehicle that bridges traditional finance with the world of cryptocurrencies.
Hot Take
The launch of Europe’s first spot bitcoin ETF by Jacobi Asset Management is a game-changer for the cryptocurrency market. It opens up new opportunities for investors in Europe and signifies a growing acceptance of digital assets in the traditional finance industry. This move may also influence regulators in other countries, such as the US, to reconsider their stance on bitcoin ETFs. Overall, it is an exciting development that highlights the continued evolution of the crypto market.
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