On Thursday, investment company Jacobi Asset Management announced it would launch a Bitcoin Exchange-Traded Fund on the Euronext Amsterdam Exchange in July.noted that the new fund is called the Jacobi Bitcoin ETF and will trade under the ticker BCOIN. The product will allow investors to gain indirect exposure to the performance of Bitcoin.
Fidelity Digital Assets will provide custodial services, while Flow Traders – a leading global market maker and proprietary trading firm – alongside DRW – a diversified trading firm – will act as market makers to facilitate trading. Upon launch, the Jacobi Bitcoin ETF will become Europe’s Bitcoin exchange-traded fund, a significant milestone for the cryptocurrency industry considering the recent market crisis.While Europe is on the verge of welcoming its first spot Bitcoin ETF, the United States continues to reject such applications, with the latest example being the Grayscale Bitcoin Spot ETF proposal.that the U.S.
Source: Digital Coin News (digitalcoinnews.net)
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