Asset management company Jacobi announced that its newly launched Jacobi FT Wilshire Bitcoin ETF (15) was officially launched on the market. This also marks that Europe has finally welcomed its first Bitcoin spot ETF, beating the United States.
According to the official introduction, the "Jacobi FT Wilshire Bitcoin ETF" was selected to be listed on the Euronext Amsterdam with the trading code "BCOIN". It charges an annual management fee of 1.5%, is regulated by the Guernsey Financial Services Commission (GFSC), and is managed by Fidelity Digital Assets. Flow Traders serves as a market maker, and Jane Street and DRW serve as authorized participants.
Asset management company Jacobi announced that its newly launched Jacobi FT Wilshire Bitcoin ETF (15) was officially launched on the market. This also marks that Europe has finally welcomed its first Bitcoin spot ETF, beating the United States.
According to the official introduction, the "Jacobi FT Wilshire Bitcoin ETF" was selected to be listed on the Euronext Amsterdam with the trading code "BCOIN". It charges an annual management fee of 1.5%, is regulated by the Guernsey Financial Services Commission (GFSC), and is managed by Fidelity Digital Assets. Flow Traders serves as a market maker, and Jane Street and DRW serve as authorized participants.
In addition, Jacobi FT Wilshire Bitcoin ETF also claims to be in compliance with Article 8 of the EU Sustainable Finance Directive (SFDR), in other words, a more authentic ESG fund. Jacobi pointed out that the company has partnered with digital asset platform Zumo to implement a verifiable built-in renewable energy certificate (REC) solution, enabling institutional investors to trade Bitcoin while also meeting ESG goals.
Martin Bednall, CEO of Jacobi, said: “The fund aims to provide institutional investors with simple, secure and transparent access to Bitcoin while meeting their sustainability requirements. We believe the launch of this ETF will be a catalyst for institutional adoption of digital assets.
Since 2017, numerous asset management companies and investment companies in the United States have been trying to launch Bitcoin spot ETFs, but none of them have been successful so far. In response to this situation, Martin Bednall commented:
It is indeed an exciting milestone to see Europe leading the way ahead of the US in providing institutional investors with safe and secure Bitcoin investment opportunities.