Institutional invetors will be able to enter the BTC ecosystem and meet ESG goals at the same time, said Jacobi.
While the US SEC continues to reject or delay, at best, all spot Bitcoin ETF applications, such a product has seen the light of day in Europe.
Called the Jacobi FT Wilshire Bitcoin ETF, it will be the first similar product compliant with SFDR Article 8 through its decarbonization strategy.dated August 15 informs that the spot Bitcoin ETF will be the brainchild of Jacobi Asset Management and Wilshire Indexes. It will be under the ticker BCOIN and has already been listed on Euronext Amsterdam.
Jacobi said it had “implemented a verifiable built-in Renewable Energy Certificate solution which allows institutional investors to access the benefits of Bitcoin whilst also meeting ESG goals.” The ETF will be regulated by the Guernsey Financial Services Commission . Fidelity Digital Assets will be the custodian, Flow Traders will serve as market makers, and Jane Street and DRW will be Authorized Participants.“The launch of the Jacobi FT Wilshire Bitcoin ETF is an important milestone for the digital asset industry and a transformative moment for the global financial industry.
Spot Bitcoin ETFs have launched in a couple of other countries in the past few years, including Brazil and Canada. However, the US securities watchdog – the SEC – continues to reject all applications for such a product.for a spot Bitcoin ETF in mid-June.
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