Jacobi Asset Management, a London-based multi-asset investment platform, announced that they have listed Europe’s first spot Bitcoin ETF on Euronext Amsterdam.
“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,” said Martin Bednall, CEO of Jacobi Asset Management. “Unlike other products in the European market, which are debt instruments, our fund owns the underlying asset directly.
Before the listing, all of the digital asset exchange-traded products in Europe were structured as exchange-traded notes rather than funds, so the Jacobi Bitcoin ETF is the first fund product launched in the European market. Not everyone agrees about the significance of the move, however. Bloomberg market analyst James Seyffart said the innovation of BCOIN was being exaggerated.