Jacobi Asset Management, an asset management company based in the UK, announced that Euronext Amsterdam will list Jacobi FT Wilshire Bitcoin ETF today, which is the first spot Bitcoin ETF in Europe.
Jacobi's spot Bitcoin ETF was approved by the Guernsey Financial Services Commission (GFSC) in October 2021. Due to a series of collapses in crypto last year, the company decided to postpone the launch to this year. Fidelity Digital Assets offers custodial services for the fund, and Flow Traders is the market maker. Authorized participants include Jane Street and DRW.
When interviewed by Decrypt, Jacobi CEO Martin Bednall said, "This fund has been designed to give institutional investors a simple, secure, and transparent access to Bitcoin whilst addressing their sustainability requirements. We believe this ETF launch will be the catalyst for institutional adoption of digital assets."
To learn more about spot Bitcoin ETFs, please visit: Journey to Spot Bitcoin ETFs
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