Euronext Amsterdam To Launch Its First Spot Bitcoin ETF

The Jacobi Bitcoin ETF volition beryllium the archetypal spot bitcoin ETF offered connected the Euronext Amsterdam speech for organization European investors.

• The Jacobi Bitcoin ETF volition beryllium Europe’s archetypal spot bitcoin ETF listed connected the Euronext Amsterdam exchange.
• The ETF volition person a 1.5% yearly absorption fee.
• Fidelity Digital Assets volition service arsenic the custodian for Jacobi's bitcoin portion Flow Traders and DRW volition facilitate arsenic marketplace makers.

Jacobi Asset Management is launching the archetypal spot bitcoin exchange-traded money (ETF) successful Europe done Euronext Amsterdam, the largest speech to big a spot bitcoin ETF, according to a study from Reuters.

The Jacobi Bitcoin ETF volition person a 1.5% yearly absorption interest and, furthermore, this volition beryllium a archetypal for the Netherlands arsenic this ETF volition service arsenic its archetypal superior listing of a integer plus fund.

“The Jacobi Bitcoin ETF volition alteration investors to entree the underlying show of this breathtaking plus people via a well-established and trusted concern structure,” said Jamie Khurshid, CEO of Jacobi Asset Management. “Our extremity astatine Jacobi is to marque integer plus investments simpler and much acquainted for organization and nonrecreational investors.”

Being a spot bitcoin ETF, the money volition clasp bitcoin connected equilibrium and has partnered with Fidelity Digital AssetsSM to service arsenic the fund’s custodian, portion Flow Traders and DRW volition facilitate the money arsenic marketplace makers.

“We are excited to beryllium acting arsenic pb marketplace shaper for Europe’s archetypal Bitcoin ETF, which is different milestone successful the improvement of the organization integer assets space,” said Edd Carlton, organization integer plus trader astatine Flow Traders. “This is besides aligned with the increasing request from organization investors who are looking to diversify their portfolios by adding Bitcoin and different integer assets.”

The impending ETF reportedly received regulatory support from the Guernsey Financial Services Commission (GFSC) successful October 2021 and is acceptable to statesman trading successful July connected the Amsterdam speech nether ticker awesome BCOIN.