European Bitcoin ETF Launches

In what it says is a first for Europe, Channel Islands-based Jacobi Asset Management has launched a Bitcoin ETF, which will be listed on Euronext Amsterdam from early July.

The ETF received regulatory approval from the Guernsey Financial Services Commission in October 2021, with custodial services provided by Fidelity Digital Assets and liquidity provided by 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,” says Jamie Khurshid, CEO of Jacobi Asset Management. “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.

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

Edd Carlton, institutional digital asset trader at Flow Traders, adds, “Europe’s first Bitcoin ETF…is another milestone in the development of the institutional digital assets space. This is also aligned with the growing demand from institutional investors who are looking to diversify their portfolios by adding Bitcoin and other digital assets. Flow Traders has been a longstanding supporter of enabling exposure in digital assets and we are delighted to be working with Jacobi Asset Management on this launch.”