Jacobi Asset Management, a digital asset management company, has recently announced the unveiling of Europe's first bitcoin ETF, Jacobi Bitcoin ETF, which is expected to be registered on Euronext Amsterdam, part of Euronext.
The Jacobi Bitcoin ETF, which in October 2021 obtained regulatory approval from the GFSC (Guernsey Financial Services Commission), is expected to begin trading on the European Amsterdam Exchange in July under the ticker BCOIN.
Fidelity Digital Asset, along with the Flow Traders, will be providing custodial services, and DRW will be facilitating trading as market makers.
The world’s largest cryptocurrency, Bitcoin has slumped nearly 70% since its high of $69,000, recorded in November.
Bitcoin tipped recently to a new 18-month low, standing at $20,289 and dragged several other smaller tokens down with it.
Cryptocurrencies have witnessed a sharp fall after US-based crypto lender, Celsius halted transfers and withdrawals between accounts, amid fears of wider fallout in digital currency market which were already weekend by the demise of the Luna tokens and TerraUSD, in the previous month.
Furthermore, as the prices of digital currencies continue to dive, there are more predictions that losses will proliferate.
In addition, the US Federal Reserve interest has also been hi
Aggressive nature of the Russia-Ukraine crisis is severely affecting the cryptocurrency trading in the global market
The crypto trading was recently overdrawn and showcased considerable losses due to the impact of growing Russia-Ukraine crisis, which took over the global headlines.
Russia’s persistently aggressive efforts in Ukraine has alarmed the Western world with the United States and Europe planning to vow sanctions, which will most likely subdue global markets.
As per latest statistical observations, Bitcoin’s current cost is $39,713, displaying a 4.35% drop in last
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