**Europe’s First Bitcoin ETF Set to Launch by Jacobi Asset Management**
* London-based asset investment platform Jacobi Asset Management is preparing to launch Europe’s first bitcoin exchange-traded fund (ETF) after facing delays.
* Originally planned to list on Euronext Amsterdam in July 2022, the launch was postponed due to unfavorable market conditions at the time.
* The bitcoin ETF was approved by the Guernsey Financial Services Commission in October 2021, but subsequent events, such as the LUNA crash and FTX’s collapse, delayed the announcement.
* However, Jacobi Asset Management is now ready to launch the bitcoin ETF in July 2023, as there is a shift in demand.
**Key Points:**
1. Jacobi Asset Management is set to launch Europe’s first bitcoin ETF after facing delays.
2. The bitcoin ETF was initially approved in October 2021, but events like the LUNA crash and FTX’s collapse postponed the launch.
3. The ETF will be listed on Euronext Amsterdam and is designed differently from exchange-traded notes (ETN).
4. In the United States, spot bitcoin ETFs are still under review, and BlackRock Inc. has recently filed new paperwork with the SEC.
5. A positive move in Europe could provide clarity for American institutions and potentially influence the SEC’s decision on approving a spot bitcoin ETF.
**Hot Take:**
Europe’s first bitcoin ETF launch by Jacobi Asset Management marks a significant milestone for the cryptocurrency industry. The delayed launch demonstrates the cautious and ever-evolving nature of the market. The approval and success of this ETF in Europe may pave the way for similar developments in the United States, bringing further optimism for the approval of a spot bitcoin ETF by the SEC. The launch of this ETF signifies increasing acceptance and adoption of cryptocurrencies within the traditional financial system.
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