Jacobi launches Bitcoin ETF on Euronext Amsterdam

Rick Steves

Jacobi Asset Management will provide access to the Jacobi Bitcoin ETF via a simple investment vehicle for a 1.5% annual management fee.

Jacobi Asset Management has announced it will launch a Bitcoin ETF on Euronext Amsterdam, the largest exchange to list a Bitcoin spot ETF in the world.

The Jacobi Bitcoin ETF will be the first exchange-traded equity instrument for institutional investors to access Bitcoin in Europe.

This is also an industry first for Netherlands as this Bitcoin ETF will be the first primary listing of a Crypto fund in the Netherlands

1.5% annual fee for access to Jacobi Bitcoin ETF

The exchange-traded fund received regulatory approval from the Guernsey Financial Services Commission (GFSC) in October 2021 and will begin trading in July on the Euronext Amsterdam Exchange under the ticker BCOIN.

Jacobi Asset Management will provide European institutional and professional investors with access to the Jacobi Bitcoin ETF via a simple investment vehicle for a 1.5% annual management fee.

Custodial services will be provided by Fidelity Digital AssetsSM with Flow Traders and DRW facilitating trading as market makers.

Jamie Khurshid, CEO at Jacobi Asset Management, 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. Our goal at Jacobi is to make digital asset investments simpler and more familiar for institutional and professional investors. We are delighted to be working with all our premier partners including Fidelity Digital Assets and Flow Traders who have supported us from inception and are an integral part of this European first as we list on Euronext Amsterdam”.

“This is a significant step forward for Jacobi Asset Management. We have an ambitious vision and look forward to bringing an innovative product pipeline to the market very soon.”

Edd Carlton, Institutional Digital Asset Trader at Flow Traders, commented: “We are excited to be acting as lead market maker for Europe’s first Bitcoin ETF, which is another milestone in the development of the institutional digital assets space. This is also aligned with the growing demand from institutional investors who are looking to diversify their portfolios by adding Bitcoin and other digital assets. Flow Traders has been a longstanding supporter of enabling exposure in digital assets and we are delighted to be working with Jacobi Asset Management on this launch.”

Legal support through the regulatory and listing process was facilitated by independent Dutch law firm Kennedy Van der Laan.

Emanuel van Praag, Attorney from Kennedy Van der Laan commented: “The first listed crypto ETF in the EU is indeed a proud achievement and we are happy that we were able to assist Jacobi Asset Management to achieve this goal.”

 

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