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Europe to soon get its first Bitcoin ETF on Euronext

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Cryptocurrencies are popular, despite their wild price swings. Ergo, it is no surprise that Jacobi Asset Management announced on Thursday that it would introduce the first Bitcoin exchange-traded fund (ETF) in Europe on the Euronext exchange.The business announced that its Jacobi Bitcoin ETF would begin trading on Euronext Amsterdam in July under the ticker symbol “BCOIN.” Jacobi CEO Jamie Khurshid, a former Goldman Sachs banker said,“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.”CEO Jamie Khurshid founded Jacobi Asset Management in 2021.

The company has experience in managing digital assets and is made up of “a diversified team of blockchain, technical, investment, and regulatory specialists.”Khurshid added, “Our goal at Jacobi is to make digital asset investments simpler and more familiar for institutional and professional investors.”A spot Bitcoin ETF’s listing, according to Edd Carlton, an institutional digital asset trader at Flow Traders, “matched with the growing demand from institutional investors.” In fact, in the U.S, there have been calls for a spot Bitcoin ETF for many years.However, only three foreign exchange-traded funds have been introduced thus far in Canada, Brazil, and Jersey, and they are all substantially smaller than a majority of U.S-based ETFs.

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