Jacobi introduces Europe's 1st Bitcoin ETF on Euronext Amsterdam

Jacobi introduces Europe's 1st Bitcoin ETF on Euronext Amsterdam

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.

Jamie Khurshid, Jacobi Asset Management CEO, said that the Jacobi Bitcoin ETF would empower investors to access the primary performance of this current asset class through a well-established and trusted investment structure.

The main goal at Jacobi is to make digital investment more familiar and simpler for professional and institutional investors.

The firm is keen on working with all the premier partners, including Flow Traders and Fidelity Digital Assets, who have supported the firm from inception and are an integral part of the European first ETF as the firm gets registered on Euronext Amsterdam.

He added that this is a revolutionary step for Jacobi Asset Management. The firm has an ambitious vision and looks forward to bringing a breakthrough product pipeline to the market in the coming future.

Kennedy Van der Laan, an Independent Dutch law firm, facilitated the legal support via the listing and regulatory process.

Emanuel van Praag, Kennedy Van der Laan attorney, commented that the listed crypto ETF in the EU is a proud achievement and the firm is delighted to assist Jacobi Asset Management in achieving this goal.

Jacobi Asset Management will offer European institutional and professional investors access to the Jacobi Bitcoin ETF through an easy investment vehicle for a 1.5% annual management fee.

Source Credit - https://www.businesswire.com/news/home/20220629005801/en/Jacobi-Asset-Management-Announces-It-Will-Launch-Europe%E2%80%99s-First-Bitcoin-ETF-on-Euronext-Amsterdam