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Jacobi to launch a bitcoin ETF on Euronext Amsterdam

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Jacobi Asset Management has announced the launch of the Jacobi Bitcoin ETF which will be listing on Euronext Amsterdam, from July.

The Jacobi Bitcoin ETF, which received regulatory approval from the Guernsey Financial Services Commission (GFSC) in October 2021, will begin trading in July on the Euronext Amsterdam Exchange under the ticker BCOIN. Custodial services will be provided by Fidelity Digital Assets with Flow Traders and DRW facilitating trading as market makers.

 

CEO Jamie Khurshid says: “The Jacobi Bitcoin ETF will enable investors to access the underlying performance of this exciting asset class via a well-established and trusted investment structure. Our goal at Jacobi is to make digital asset investments simpler and more familiar for institutional and professional investors. We are delighted to be working with all our premier partners including Fidelity Digital Assets and Flow Traders who have supported us from inception and are an integral part of this European first as we list on Euronext Amsterdam”.

 

He adds: “This is a significant step forward for Jacobi Asset Management. We have an ambitious vision and look forward to bringing an innovative product pipeline to the market very soon.”

 

“We are excited to be acting as lead market maker for Europe’s first Bitcoin ETF, which is another milestone in the development of the institutional digital assets space. This is also aligned with the growing demand from institutional investors who are looking to diversify their portfolios by adding Bitcoin and other digital assets. Flow Traders has been a longstanding supporter of enabling exposure in digital assets and we are delighted to be working with Jacobi Asset Management on this launch.” Says Edd Carlton, Institutional Digital Asset Trader at Flow Traders.

 

Legal support through the regulatory and listing process was facilitated by independent Dutch law firm Kennedy Van der Laan.

 

Emanuel van Praag, Attorney from Kennedy Van der Laan says: “The first listed crypto ETF in the EU is indeed a proud achievement and we are happy that we were able to assist Jacobi Asset Management to achieve this goal.”

 

Jacobi Asset Management writes that it will provide European institutional and professional investors with access to the Jacobi Bitcoin ETF via a simple investment vehicle for a 1.5 per cent annual management fee.

 

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