Jacobi Asset Management Launches First Bitcoin ETF in Europe
London-based Jacobi Asset Management has announced the launch of the first Bitcoin exchange-traded fund (ETF) in Europe. The Jacobi FT Wilshire Bitcoin ETF is now live on Euronext Amsterdam, trading under the ticker BCOIN. The ETF charges investors a 1.5% annual management fee and offers institutional investors a simple, secure, and transparent access to Bitcoin. It is also compliant with Article 8 of the European Sustainable Finance Disclosure Regulation (SFDR), making it the first decarbonized digital asset fund in Europe. Fidelity Digital Assets provides custodial services for the fund, while Flow Traders acts as the market maker.
Key Points:
- Jacobi Asset Management has launched the first Bitcoin ETF in Europe, listed on Euronext Amsterdam.
- The ETF charges a 1.5% annual management fee and aims to provide institutional investors with easy access to Bitcoin.
- The fund is compliant with Article 8 of SFDR, making it the first decarbonized digital asset fund in Europe.
- Fidelity Digital Assets handles custodial services, and Flow Traders acts as the market maker.
- This launch may encourage institutional adoption of digital assets.
Hot Take
The launch of the Jacobi FT Wilshire Bitcoin ETF in Europe is a significant milestone for the cryptocurrency industry. Not only does it provide institutional investors with a secure and transparent way to access Bitcoin, but it also addresses their sustainability requirements. By being the first decarbonized digital asset fund in Europe, the ETF aligns with environmental and social objectives. This development could potentially pave the way for more widespread institutional adoption of digital assets. It is now up to regulators in the United States to follow suit and approve a Bitcoin ETF, as the demand for such a product continues to grow.
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