The Euronext Amsterdam stock exchange in Europe has heralded a significant advancement in cryptocurrency investments by listing its inaugural spot Bitcoin exchange-traded fund (ETF).
Spotlight on Europe’s First Bitcoin ETF
The London-based Jacobi Asset Management has triumphantly rolled out the Jacobi FT Wilshere Bitcoin ETF, nearly two years post its authorization. This move paves the way for European investors to delve deeper into the digital asset realm.
Regulated by the Guernsey Financial Services Commission (GFSC), the Jacobi FT Wilshere Bitcoin ETF will be traded under the ticker “BCOIN”.
This pivotal moment underscores Europe’s commitment to integrating cutting-edge investment prospects within the rapidly growing cryptocurrency domain.
Renowned for its cryptocurrency custody services, Fidelity Digital Assets will oversee the ETF’s custody, while trading entity Flow Traders is set to serve as the designated market maker. This ensures liquidity and seamless trading dynamics for the ETF.
Although Jacobi Asset Management secured the green light for the fund back in October 2021 with plans for a 2022 listing, unforeseen challenges like the Terra ecosystem’s downfall and the FTX cryptocurrency exchange’s insolvency prompted a strategic postponement.
Jacobi’s cautious stance exemplifies their meticulous evaluation in the ever-shifting landscape of digital assets.
