Europe Launches the First Spot Bitcoin ETF

Europe has taken the lead in launching the first Bitcoin exchange-traded fund (ETF) with Jacobi Asset Management listing its product on Euronext Amsterdam. The Jacobi FT Wilshire Bitcoin ETF, trading under the ticker BCOIN, charges a 1.5% annual management fee and aims to provide institutional investors with simple, secure, and transparent access to Bitcoin while addressing sustainability requirements. The fund is also compliant with Article 8 of the European Sustainable Finance Disclosure Regulation (SFDR) and incorporates a verifiable renewable energy certificate (REC) solution to promote environmental and social objectives.