Europe Set to Launch First Bitcoin ETF After Delay: Jacobi Asset Management Leads the Way
The wait is almost over! Europe is on the verge of witnessing the launch of its first spot bitcoin exchange-traded fund (ETF). Jacobi Asset Management is set to launch Europe’s first bitcoin exchange-traded fund (ETF) this month, marking a significant milestone for cryptocurrency investment in the region.
Europe Beats the US to Spot Bitcoin ETF Launch
Europe has beaten the U.S. with the roll-out of the first Bitcoin exchange-traded fund (ETF) as London-based Jacobi Asset Management today announced the debut of the European spot bitcoin ETF. This groundbreaking move comes after a 12-month delay, with Europe’s first bitcoin exchange traded fund is expected to be publicly listed this month, 12 months after its planned launch. Jacobi Asset Management originally planned for an earlier launch, but strategic decisions have paved the way for its imminent arrival on Euronext Amsterdam.
Jacobi ETF: A Direct Investment in Bitcoin
While other options exist, the Jacobi ETF remains the only bitcoin product investing directly in the currency in Europe. Jacobi Asset Management proclaimed on Thursday that it would put to sea Europe’s first BTC ETF in July on Euronext Amsterdam. Notably, it would trade under the Jacobi Asset Management ticker symbol. This direct investment approach distinguishes it from futures-based ETFs.
Why Guernsey? Strategic Domicile for Jacobi Bitcoin ETF
Jacobi Asset Management is set to launch Europe’s first bitcoin exchange-traded fund (ETF) this month thanks to its decision to domicile in Guernsey instead of other locations. This strategic choice highlights the importance of regulatory considerations in the evolving landscape of crypto investment.
BlackRock's Entry and the Future of Bitcoin ETFs in Europe
In a significant development for the Bitcoin (BTC) market, BlackRock, the world’s largest asset manager, is preparing to introduce an exchange-traded Fund (ETF) directly tied to BTC in Europe. This further solidifies the growing interest and acceptance of Bitcoin as a legitimate investment asset within the European market. But the Jacobi ETF remains the only bitcoin product investing directly in the currency in Europe, and it is not
US SEC's Approach vs. Europe's Proactive Stance
In the USA, the SEC's approach to Bitcoin ETFs initially involved compromises, favouring futures ETFs due to their perceived lower volatility and lower risk of investment. Europe's proactive stance, exemplified by the launch of the Jacobi Asset Management spot Bitcoin ETF, demonstrates a growing confidence in the underlying asset and its potential for institutional investment. The crypto world is abuzz with Europe’s groundbreaking introduction of its first spot Bitcoin exchange-traded fund from Jacobi Asset Management, listed on Euronext Amsterdam.