Europe’s First Spot Bitcoin ETF Launched on EuroNext Amsterdam Exchange
Jacobi Asset Management has released Europe’s first spot Bitcoin Exchange Traded Fund (ETF), which is now listed on the EuroNext Amsterdam Exchange. The ETF, called the Jacobi FT Wilshere Bitcoin ETF, received approval from the Guernsey Financial Services Commission in October 2021 and went live today after a one-year delay. The ETF will trade under the ticker ‘BCOIN’ and has Flow Traders as its market maker and Fidelity Digital Assets as its custodian. The product aims to drive adoption of Bitcoin among institutional investors and other key players in the financial industry.
Key Points:
- Jacobi Asset Management has launched Europe’s first spot Bitcoin ETF on the EuroNext Amsterdam Exchange.
- The ETF, named Jacobi FT Wilshere Bitcoin ETF, received approval from the Guernsey Financial Services Commission in October 2021 and went live today.
- Flow Traders is the market maker for the ETF, and Fidelity Digital Assets provides custody.
- The ETF aims to drive adoption of Bitcoin among institutional investors and other key players.
- The launch of the ETF marks a significant leap from Europe’s popular Exchange Traded Notes, with ETF shareholders owning a stake in the fund’s underlying asset.
Europe Leads the Way, US Policy Remains Uncertain
The launch of Europe’s spot Bitcoin ETF highlights the EU’s progress in providing a safe and regulated environment for Bitcoin investments. While the US has yet to approve a similar product, there is optimism among Bitcoin enthusiasts that the US Securities and Exchange Commission may approve a spot Bitcoin ETF in the future. The approval of a spot BTC ETF in the US could lead to massive adoption and a new cycle characterized by liquidity and high volumes.
Hot Take:
Europe’s first spot Bitcoin ETF launch on the EuroNext Amsterdam Exchange is a significant milestone for the digital asset industry. It demonstrates the EU’s commitment to providing a safe and regulated space for institutional investors to access the benefits of Bitcoin. With the US still uncertain about approving a similar product, Europe has taken the lead in driving adoption and innovation in the crypto space. The launch of this ETF could pave the way for further institutional involvement and mainstream acceptance of Bitcoin.