Jacobi Asset Management Introduces Europe's First Premier Bitcoin ETF with a Green Initiative
Jacobi Asset Management has unveiled Europe's inaugural spot Bitcoin ETF on Euronext Amsterdam. This ETF, named the Jacobi FT Wilshire Bitcoin ETF and trading under the ticker BCOIN, stands out as the first digital asset fund in compliance with SFDR Article 8, thanks to its decarbonisation strategy.
The ETF's unique approach involves a verifiable Renewable Energy Certificate (REC) solution, a collaboration with digital asset platform Zumo. This solution transparently and quantifiably addresses the electricity consumption associated with Bitcoin investments, setting it apart from traditional carbon offsetting methods. The initiative ensures that institutional investors can tap into Bitcoin's advantages while adhering to their ESG objectives.
Regulated by the Guernsey Financial Services Commission (GFSC), the ETF has garnered support from notable entities. Fidelity Digital AssetsSM is the custodian, Flow Traders act as market makers, and both Jane Street and DRW function as Authorised Participants. Furthermore, the ETF's benchmark, the FT Wilshire Bitcoin Blended Price Index, is supplied by Wilshire Indexes.
Martin Bednall, CEO of Jacobi Asset Management, remarked on the development, stating, «Europe's progressive stance on Bitcoin investment for institutional investors is commendable. Our ETF, distinct from European debt instruments, holds the underlying asset directly. We're honoured to collaborate with top-tier partners in this digital asset market evolution, simultaneously introducing an eco-friendly solution for European investors.»
Wilshire Indexes' CEO, Mark Makepeace, echoed this sentiment, emphasizing the ETF's role as a pivotal moment for both the digital asset and global financial sectors. He expressed
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