Spot Bitcoin ETF goes live in Europe with decarbonization strategy

Institutional Investors • August 15, 2023, 5:15AM EDT

Published 1 minute earlier on

Quick Take

Jacobi Asset Management has listed Europe’s first spot Bitcoin ETF on Euronext Amsterdam.
The ETF has a focus on decarbonization.

Jacobi Asset Management listed a spot Bitcoin exchange-traded fund on Euronext Amsterdam — an apparent first in Europe — with a focus on ESG alignment.

The Jacobi FT Wilshire Bitcoin ETF claims to be "the first digital asset fund compliant with SFDR Article 8 through its decarbonization strategy," according to a press release published today. It implements a built-in Renewable Energy Certificate solution for "institutional investors to access the benefits of Bitcoin while also meeting ESG goals."

The ETF is regulated by the Guernsey Financial Services Commission and trades under the ticker BCOIN.

Fidelity Digital Assets provides custodial services, while Flow Traders is a market maker. Jane Street and DRW are Authorized Participants, according to the release.

Across the Atlantic, the United States still has no spot Bitcoin ETF — and is unlikely to approve one in the immediate future, according to former Securities and Exchange Commission Office of Internet Enforcement chief John Reed Stark.

About Author

Adam is the managing editor for Europe, the Middle East and Africa. He is based in central Europe and was a managing editor and podcast host at the crypto exchange OKX's former research arm, OKX Insights. Before that, he co-founded BeInCrypto.com, which he elevated into one of the leading crypto media brands at its peak as the editor-in-chief. Earlier, he served as the editor-in-chief at Bitcoinist.com. Before joining the blockchain and crypto industry, he worked for Looper.com, Grunge.com and SVG.com. He tweets via @XBT002 and can be emailed at [email protected].