First Spot Bitcoin ETF approved to launch in Europe in July

2022-6-30 09:30

Jacobi Asset Management has announced it will launch a European spot bitcoin ETF this July. The exchange-traded fund will be named the Jacobi Bitcoin ETF and listed on Euronext Amerstdam.

European institutional and professional investors will be able to invest in Bitcoin via the ETF for a 1.5% annual management fee under the ticket BCOIN.

Why a spot Bitcoin ETF?

Jacobi Asset Management was founded in 2021 and led by CEO Jamie Khurshid, a former Goldman Sachs investment banker. The firm comprises “a diverse team of blockchain, technology, investment, and regulatory experts” with a history of digital asset management.

Khurshid commented that the ETF “will enable investors to access the underlying performance of this exciting asset class via a well-established and trusted investment structure.” Jacobi aims to “make digital asset investments simpler and more familiar for institutional and professional investors.”

According to Jacobi, Fidelity Digital Assets and Flow Traders are reportedly an “integral part” of the fund.

Access to Bitcoin

Edd Carlton, an Institutional Digital Asset Trader at Flow Traders, asserted that the listing of a spot Bitcoin ETF “aligned with the growing demand from institutional investors.” Calls for a spot Bitcoin ETF have been made in the US for years.

However, so far, the only spot ETFs to be launched are in Canada, Brazil, and Jersey, which are much smaller than most US-based ETFs. Building on the spot ETFs in smaller markets, the Jacobi Bitcoin ETF is set to be the biggest spot Bitcoin ETF in the world.

Overall, European investors do not have the same variety of ETFs as US investors; just “15 and 20 per cent of retail investors in Europe use ETFs compared to about 40 per cent of their US counterparts.” As a result, there is a lower trading volume of ETFs in Europe, with the European Commission considering removing them from a consolidated tape.

Nonetheless, the move to allow a spot Bitcoin ETF in Europe will likely give institutions such as pension funds, mutual funds, and insurance companies a pathway into Bitcoin that was currently unavailable. There is a potential for a spot Bitcoin ETF to be extremely popular in Europe, given the lack of alternative options for Bitcoin investments through traditional means.

The post First Spot Bitcoin ETF approved to launch in Europe in July appeared first on CryptoSlate.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Cryptospot Token (SPOT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 SPOT

july launch etf spot bitcoin europe approved

Источник: cryptoslate.com

july launch → Результатов: 126


Фото:

ETH 2.0 ‘on track’ claims Ethereum Founder over dispute of July Launch

Ethereum (ETH) founder Vitalik Buterin says he believes that the launch of ETH 2. 0 remains on track after he appeared to confirm the network overhaul would happen this coming July Vitalik Buterin says he misheard a question and thus likely said that Ethereum’s switch to a proof-of-stake (PoS) network would happen in the next two […] The post ETH 2.

2020-5-14 15:53


Here’s why Ethereum 2.0’s July launch may be a “sell the news” opportunity

The highly anticipated launch of Ethereum 2. 0 may be coming sooner than previously expected, as one platform is noting that it could come about as early as July of this year. This transition will help Ethereum move to a Proof-of-Stake model that allows entities with over 32 ETH to become network validators in exchange for […] The post Here’s why Ethereum 2.

2020-5-7 16:00


Фото:

Binance Futures Overtakes BitMEX Perpetual Futures Trading Volume

Binance Futures, the cryptocurrency futures contracts platform from the stables of the innovative Binance crypto exchange, has continued to gain traction since its launch in July 2019, thanks to its plethora of features including network stability, futures insurance funds and others which has given it a significant edge over competitors like BitMEX.

2020-3-17 16:00


Новости криптовалют сегодня, 1 августа 2019

Тут новости криптовалют сегодня от авторов блога «Новости криптовалют». Статья обновляется в течение дня. А по этой ссылке крипто новости вчерашнего для. LedgerX Обыграв Bakkt, LedgerX первым запустил «физический» фьючерс на биткойны в США.

2019-8-2 09:31


Фото:

Billionaire to Launch First Ever Cannabis-Pegged Stablecoin

Greek billionaire Alkiviades David has reportedly created the world’s first stablecoin pegged to the price of legal cannabis. Swissx Bank of Cannabis Issues SWX Stablecoin As a press release confirmed July 25, the so-called Swissx Bank of Cannabis (SBC), headquartered in the Swiss city of Gstaad, aims to provide the legal cannabis industry with a secondary market.

2019-7-26 13:00


Bakkt to launch user testing Bitcoin futures today

Bakkt, a global digital asset firm owned by International Exchange [ICE], announced that the organization will launch acceptance testing for its Bitcoin futures contracts today [22nd July 2019]. In a recent medium post released by Adam White, COO at Bakkt, it was mentioned that the Bitcoin futures product would be listed and trading will be […] The post Bakkt to launch user testing Bitcoin futures today appeared first on AMBCrypto.

2019-7-22 15:00


CFTC Records Growing Bitcoin Futures Demand As Bakkt Launch Draws Near

At long last, Intercontinental Exchange’s Bitcoin Futures trading platform Bakkt is to do a test launch on Monday 22 July 2019. Following an institutional summit hosted by Bakkt at the New York Stock Exchange during which the launch was revealed, Fundstrat reported that the Commodity Futures Trading Commission (CFTC) is already recording a massive increase […] The post CFTC Records Growing Bitcoin Futures Demand As Bakkt Launch Draws Near appeared first on ZyCrypto.

2019-7-20 16:04


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bank of Korea and Bank of France hold talks on digital assets

The seminar highlights the growing need for international collaboration on digital asset regulation, impacting global financial stability and policy. The post Bank of Korea and Bank of France hold talks on digital assets appeared first on Crypto Briefing.