The Euronext Amsterdam stock market has become the first in Europe to offer a spot Bitcoin ETF.
With the debut of Europe’s first spot Bitcoin ETF on the Euronext Amsterdam stock market, Europe has reached a significant milestone in the emerging sector of cryptocurrency investing.
Nearly two years after its approval, London-based Jacobi currency Management has successfully released the Jacobi FT Wilshere Bitcoin ETF, providing European investors with additional entry points into the digital currency market.
The Guernsey Financial Services Commission (GFSC) will oversee trading the “BCOIN”-denominated Jacobi FT Wilshere Bitcoin ETF.
This historic moment is significant for Europe’s economy because it shows the continent’s commitment to taking advantage of the new possibilities presented by the crypto market.
Fidelity Digital Assets, a reputable brand in cryptocurrency custody, will handle the ETF’s assets, while trading company Flow Traders will serve as the ETF’s official market maker, ensuring that trading goes off without a hitch.
Fund approval was granted to Jacobi Asset Management in October 2021, and the ETF was expected to be listed in 2022.
External issues, such as the Terra ecosystem’s demise and the insolvency of cryptocurrency exchange FTX, led the business to postpone the launch.
By taking such a cautious approach, Jacobi demonstrates his careful evaluation of the volatile digital asset market.
Also Read: According To Analysts, The Grayscale Bitcoin ETF Decision Could Be Made This Week
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