The new ETF will list on Euronext Amsterdam in July.

The Jacobi Bitcoin ETF, from Jacobi Asset Management, will have a number of firsts to its credit when it starts trading this month. It will be the first exchange-traded equity instrument for institutional investors to access Bitcoin in Europe, and it will trade on Euronext Amsterdam, the largest exchange to list a bitcoin spot ETF globally. Trading under the ticker symbol BCOIN, the ETF charges an annual management fee of 1.5%. (Businesswire)

The ETF received regulatory approval from the Guernsey Financial Services Commission (GFSC) in October 2021.

Jacobi Bitcoin ETF

Flow Traders and DRW will facilitate trading as market makers, while Fidelity Digital Assets will provide custodial services.

CEO Jamie Khurshid 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 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,” commented Edd Carlton, Institutional Digital Asset Trader at Flow Traders. “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.”

Jamie Khurshid is a former Goldman Sachs investment banker. Jacobi, focusing on digital asset management, was launched in May 2021.

Related Story: Amidst A Crypto Winter, 21Shares Launches The World’s Cheapest Physically Backed Bitcoin ETP On The SIX Swiss Exchange