Jacobi FT Wilshire Bitcoin ETF has been finally listed on Euronext Amsterdam.
Jacobi Asset Management, a prominent digital asset management company based in London, has officially launched its Jacobi FT Wilshire Bitcoin ETF on the Euronext Amsterdam exchange. This roll-out, slated for 2022, arrived on August 15th after much anticipation.
This ETF, often cited as the first spot or physical-backed Bitcoin fund, is engineered to offer investors a seamless channel to indulge in a financial instrument directly underpinned by Bitcoin. Blockworks reported that the custodial intricacies of this ETF, trading under the BCOIN ticker, would be overseen by Fidelity Digital Assets.
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Reflecting on this epoch-making event, Jacobi CEO, Martin Bednall, quoted:
It is exciting to see Europe moving ahead of the US in opening up Bitcoin investing for institutional investors who want safe, secure access to the benefits of digital assets using familiar and regulated structures like our ETF.
In terms of price, the BCOIN ETF taps into the FT Wilshire Bitcoin Blended Price Index. This source feeds the fund real-time average Bitcoin prices from selected crypto exchanges. Importantly, the ETF allows investors to engage with the Bitcoin market without directly owning or holding the base asset.
Notably, after the listing, the spotlight shines on Europe, especially as US regulatory bodies contemplate greenlighting analogous spot Bitcoin ETF proposals from heavyweight asset managers like BlackRock and Fidelity.
Jacobi Asset Management's historic launch is not just an affirmation of the growing trust in cryptocurrencies but also a testament to Europe’s forward-thinking approach to digital asset investment. With the line between traditional and digital finance further blurring, such innovative products are poised to be the harbingers of the next financial era.
