Europe’s first spot Bitcoin ETF eyes 2023 debut after year-long delay
Jacob Asset Management got approval from the Guernsey financial regulator in October 2021 and was set to debut on Euronext Amsterdam Exchange in July 2022. Europe’s first spot Bitcoin (BTC) exchange-traded fund (ETF) is set to debut later this year after a long delay . The Bitcoin ETF by Jacobi Asset Management — a London-based multi-asset investment platform — was set to debut on the Euronext Amsterdam exchange in July 2022. However, unprecedented market conditions caused by the collapse of the Terra ecosystem in May 2022, as well as the FTX collapse in November, forced the asset manager to postpone the listing. The Jacobi Bitcoin ETF received approval from the Guernsey Financial Services Commission (GFSC) to launch its Bitcoin ETF in October 2021. The asset manager told the Financial Times that it has decided to launch the ETF now because it has seen a gradual shift in demand compared with 2022. The asset manager told Cointelegraph that it is still assessing the launch and will s...