Bitcoin

Renewable Energy

Spot

Elon Musk

<div class="insidebitcoins"> 
 <div class="telegrame_cta_content"> 
  <div class="wrap"> 
   <div class="telegrame_cta_content_inr"> 
    <p>Join Our <u>Telegram </u>channel to stay up to date on breaking news coverage</p> 
   </div> 
  </div> 
 </div> 
 <p>Jacobi Asset Management listed Europe’s first spot Bitcoin ETF on Euronext Amsterdam, putting the region ahead of the US, where firms from BlackRock to Fidelity are hopeful of getting similar investment vehicles up and running in the near future.</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">BREAKING: Jacobi lists Europe’s first spot Bitcoin ETF on Euronext Amsterdam with Article 8 classification with support from @euronext @DigitalAssets @FlowTraders @DRWTrading @JaneStreetGroup @collascrill @MidshoreConsulting @zumopay @Wilshire pic.twitter.com/Wp18jnoIrY</p> 
  <p>— Jacobi Asset Management (@JacobiAssetMgt) August 15, 2023</p> 
 </blockquote> 
 <p></p> 
 <p>Regulated by Guernsey Financial, Jacobi FT Wilshere Bitcoin ETF will trade under the ticker “BCOIN”. Jacobi said that Fidelity Digital Assets will provide custody, and operating as the market maker will be the trading firm Flow Traders.</p> 
 <h2 id="spot-bitcoin-etf-for-institutional-investors-jacobi-ceo">Spot Bitcoin ETF for Institutional Investors – Jacobi CEO</h2> 
 <p>“It is exciting to see Europe moving ahead of the US in opening up Bitcoin investing for institutional investors who want safe, secure access to the benefits of digital assets using familiar and regulated structures like our ETF,” said Martin Bednall, CEO of London-based Jacobi.</p> 
 <p>Jacobi had won approval for the spot Bitcoin ETF back in 2021. However, due to the onset of crypto winter led by the Terra crash and the subsequent dampening of interest in Bitcoin due to FTX’s collapse, the asset management firm deferred its launch.</p> 
 <h2 id="racing-ahead-of-the-us">Racing Ahead of the US</h2> 
 <p>US firms are also racing to get spot Bitcoin ETFs approved with BlackRock, Fidelity, and Ark Invest among those in the queue.</p> 
 <p>The road to approval may not be smooth, as seen in the SEC’s decision to delay its decision on the application filed by Ark Invest to January 2024. Still, Ark Invest’s Cathie Wood was anticipating the delay and said she is hopeful the SEC will approve multiple spot Bitcoin ETFs simultaneously.</p> 
 <h2 id="an-environmentally-conscious-spot-bitcoin-etf">An Environmentally Conscious Spot Bitcoin ETF</h2> 
 <p>Jacobi’s spot Bitcoin ETF is also the first digital asset fund complaint with SFDR Article 8, which aligns with the firm’s decarbonization strategy.</p> 
 <p>Jacobi’s Wilshire Bitcoin ETF will offer an ESG-aligned digital asset solution, allowing eco-conscious buyers to consider Bitcoin ETF as an appropriate investment.</p> 
 <p>Kirsteen Harrison, Environmental Manager of Zumo, said, “The decarbonisation of crypto is one of the most pressing challenges facing the nascent digital asset sectors.”</p> 
 <p>“We’ve been working closely with Jacobi Asset Management to help them build out an ESG-aligned, future-proofed crypto offering for their customers,” she added.</p> 
 <p>This partnership between Zumo and Jacobi involves procuring Renewable Energy Certificates (RECs). Jacobi FT Wilshire ETF’s brochure states that this solution will work to offset the electricity consumption related to the fund’s Bitcoin holdings.</p> 
 <p>It explains a four-step process that involves Jacobi transacting and holding the BTC, for which Zumo will calculate the electricity consumption. Based on that, a set number of RECs will be bought by Zumo on Jacobi’s behalf, which will then be retired and rendered useless.</p> 
 <p><img decoding="async" class="aligncenter size-full wp-image-429979" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201297%20557'%3E%3C/svg%3E" alt="Jacobi 4-Step plan" width="1297" height="557" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/08/15/3386ed7257fee75331990c2ff8418acd.webp 1297w, https://cdn.thebittimes.com/images/2023/08/15/3386ed7257fee75331990c2ff8418acd.webp 300w, https://cdn.thebittimes.com/images/2023/08/15/3386ed7257fee75331990c2ff8418acd.webp 1024w, https://cdn.thebittimes.com/images/2023/08/15/3386ed7257fee75331990c2ff8418acd.webp 768w" data-lazy-sizes="(max-width: 1297px) 100vw, 1297px" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/15/3386ed7257fee75331990c2ff8418acd.webp"> 
  <noscript> 
   <img decoding="async" class="aligncenter size-full wp-image-429979" src="https://cdn.thebittimes.com/images/2023/08/15/3386ed7257fee75331990c2ff8418acd.webp" alt="Jacobi 4-Step plan" width="1297" height="557" srcset="https://cdn.thebittimes.com/images/2023/08/15/3386ed7257fee75331990c2ff8418acd.webp 1297w, https://cdn.thebittimes.com/images/2023/08/15/3386ed7257fee75331990c2ff8418acd.webp 300w, https://cdn.thebittimes.com/images/2023/08/15/3386ed7257fee75331990c2ff8418acd.webp 1024w, https://cdn.thebittimes.com/images/2023/08/15/3386ed7257fee75331990c2ff8418acd.webp 768w" sizes="(max-width: 1297px) 100vw, 1297px"> 
  </noscript></p> 
 <h3 id="related">Related</h3> 
 <ul> 
  <li>Binance Seeks Protective Order Against SEC’s “Fishing Expedition”</li> 
  <li>SEC Won’t Approve Spot Bitcoin ETF’s But US Crypto Crackdown Will “Grind to a Screeching Halt” Under this 2024 Scenario</li> 
 </ul> 
 <div class="inContentProviderSingle inContentColor--insidebitcoins fc-row"> 
  <div class="inContentProviderSingle--wrapper"> 
   <div class="container"> 
    <div class="row mb-lg-3"> 
     <div class="col-12 col-md-8"> 
      <p class="inContentProviderSingle--title">Wall Street Memes - Next Big Crypto</p> 
     </div> 
     <div class="col-12 col-md-4"> 
      <div class="inContentProviderSingle--rating"> 
       <div class="rating--holder"> 
        <p class="rating--text">Rating</p> 
        <div class="rating--star-container"> 
         <div class="rating--star" style="width: 100%;"></div> 
        </div> 
       </div> 
      </div> 
     </div> 
    </div> 
    <div class="row">  
     <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none"> 
      <img class="inContentProviderSingle--img mb-3" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20125%2060'%3E%3C/svg%3E" alt="Wall Street Memes" width="125" height="60" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2023/05/wall-street-memes.svg"> 
      <noscript> 
       <img class="inContentProviderSingle--img mb-3" src="https://insidebitcoins.com/wp-content/uploads/2023/05/wall-street-memes.svg" alt="Wall Street Memes" width="125" height="60"> 
      </noscript> 
     </div> 
     <div class="col-12 col-md-8"> 
      <ul class="inContentProviderSingle--list"> 
       <li>Early Access Presale Live Now</li> 
       <li>Established Community of Stocks &amp; Crypto Traders</li> 
       <li>Featured on BeInCrypto, Bitcoinist, Yahoo Finance</li> 
       <li>Rated Best Crypto to Buy Now In Meme Coin Sector</li> 
       <li>Team Behind OpenSea NFT Collection - Wall St Bulls</li> 
       <li>Tweets Replied to by Elon Musk</li> 
      </ul> 
     </div>  
     <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block"> 
      <img class="inContentProviderSingle--img float-right" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20125%2060'%3E%3C/svg%3E" alt="Wall Street Memes" width="125" height="60" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2023/05/wall-street-memes.svg"> 
      <noscript> 
       <img class="inContentProviderSingle--img float-right" src="https://insidebitcoins.com/wp-content/uploads/2023/05/wall-street-memes.svg" alt="Wall Street Memes" width="125" height="60"> 
      </noscript> 
     </div> 
    </div> 
    <div class="row"> 
     <div class="col-12 text-center"> 
      <div class="inContentProviderSingle--button">
        Learn More 
      </div> 
      <div class="inContentProviderSingle--disclaimerText"> 
      </div> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
 <div class="telegrame_cta_content"> 
  <div class="wrap"> 
   <div class="telegrame_cta_content_inr"> 
    <p>Join Our <u>Telegram </u>channel to stay up to date on breaking news coverage</p> 
   </div> 
  </div> 
 </div> 
</div>

Europe Gets Ahead of the US With First Spot Bitcoin ETF Listing in Amsterdam

Table of Contents

TheBitTimes

Other articles published on Aug 15, 2023

Missed Bluzelle’s 125% Pump Over the Week? These Altcoins are Next in Line

NvirWorld appoints former Binance strategy manager as CMO for web3 expansion

Axie Infinity Price Prediction: Will AXS Price reach $8 in Aug?

Crypto Twitter doubts SBF’s ability to cope in jail

Singapore’s Central Bank Introduces Guidelines for Stablecoins Issuers

5 Best Social Media dApps to Check, Holding Highest Volume

Join our free newsletter for daily crypto updates!