Jacobi to Launch Europe’s First Bitcoin ETF on Euronext Amsterdam

Jacobi Asset Management announced the launch of Jacobi Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term ETF, which is set to be listed on Euronext Amsterdam.

According to the press release shared with Finance Magnates, the Bitcoin ETF received the regulatory green light from the Guernsey Financial Services Commission (GFSC) in October 2021 and will start trading in early July under the ticker BCOIN. In addition, the firm noted that custodial services will be powered by Fidelity Digital Assets, while market makers would be Flow Traders and DRW.

“The Jacobi Bitcoin ETF will enable investors to access the underlying performance of this exciting asset class via a well-established and trusted investment structure. Our goal at Jacobi is to make digital asset investments simpler and more familiar for institutional and professional investors. We are delighted to be working with all our premier partners, including Fidelity Digital Assets and Flow Traders, who have supported us from inception and are an integral part of this European first as we list on Euronext Amsterdam,” Jamie Khurshid, the CEO of Jacobi Asset Management, commented.

He added: “This is a significant step forward for Jacobi Asset Management. We have an ambitious vision and look forward to bringing an innovative product pipeline to the market very soon.”

The instrument becomes the first exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-traded equity one for institutional investors to access Bitcoin in Europe, the company noted. “The first listed crypto ETF in the EU is indeed a proud achievement and we are happy that we were able to assist Jacobi Asset Management to achieve this goal,” Emanuel van Praag, an Attorney from Kennedy Van der Laan, pointed out.

US Short Bitcoin-Linked ETF (BITI)

Recently, ProShares, an issuer of exchange-traded funds (ETFs), announced the launch of the first US short Bitcoin-linked ETF (BITI). The planned unveiling of BITI comes eight months after the ETF provider launched the first US Bitcoin-linked ETF in October 2021.