Europe’s first bitcoin ETF launches after delaying for a year
Jacobi Asset Management, a London-based asset investment platform, is ready to launch Europe’s first bitcoin exchange-traded fund (ETF) after a year of delays. The bitcoin ETF was originally announced to list on Euronext Amsterdam in July 2022 but was postponed due to the timing not being right in the market. Bitcoin ETF back on track in Europe The bitcoin ETF was initially approved by the Guernsey Financial Services Commission (GFSC) to launch in October 2021, granting it the ability to trade on traditional stock markets in jurisdictions outside of the United States. The asset manager’s launch announcement was delayed due to the terra (LUNA) crash in May 2022 and FTX’s collapse in November 2022. However, the fund is now on track to launch this July as demand has shifted. FT: Jacobi Asset Management announced that its bitcoin ETF will be list on Euronext Amsterdam this month and said that it is the Europe’s first bitcoin exchange traded fund (ETF). In practice, a...