Flow

Bitcoin

Terra

Spot

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Europe’s first spot Bitcoin ETF finally listed in Amsterdam.</a> </li> 
 <li> <span>2</span> <a>The U.K.-based Jacobi listed Europe’s first spot Bitcoin ETF on Euronext Amsterdam.</a> </li> 
</ul> 
<p>Jacobi Asset Management has listed Europe’s first spot Bitcoin (BTC) exchange-traded fund (ETF) on Euronext, Amsterdam and was approved nearly after two years. Firstly, Jacobi won the approval for the fund in October 2021 with plans to list it in the previous year. Although the firm opted to push back its plans due to inopportune circumstances elsewhere in the digital asset market.</p> 
<h2 class="wp-block-heading" id="strong-jacobi-and-its-bitcoin-etf-listing-strong"><strong>Jacobi and its Bitcoin ETF Listing</strong></h2> 
<p>The Jacobi FT Wilshere Bitcoin ETF, regulated by the Guernsey Financial Services Commission (GFSC) now will trade under the ticker “BCOIN.” This listing means Europe will witness “a spot Bitcoin ETF traded before the U.S., despite dozens of applications to the Securities and Exchange Commission (SEC) in the last few years.”</p> 
<p>According to Jacobi’s statement noted on August 15, 2023, Tuesday, “the custody for the fund is provided by Fidelity Digital Assets and trading firm Flow Traders operates as market maker.” Due to bad circumstances elsewhere in the crypto market such as the collapse of the Terra ecosystem and the bankruptcy of crypto exchange FTX, Jacobi opted to push back its plans.</p> 
<p>Furthermore, the exchange-traded notes (ETNs), often cited by the umbrella term exchange-traded products (ETPs), are commonplace in the country. It must be noted that Jacobi’s offering is the first ETF. Whereas the ETF shareholders own a portion of the product’s underlying shares, while ETN investors own a debt security.</p> 
<p>Jacobi further added that “its ETF cannot be leveraged or use derivatives, unlike ETNs. Whereas this listing means Europe will see a spot Bitcoin ETF traded before the America, despite lots of applications to the SEC in recent times, which all were rejected.”</p> 
<p>It can be said that there is a renewed hope that the SEC would approve a spot Bitcoin fund. As the asset management firm, BlackRock (BLK) led a flurry of new applications featuring “surveillance-sharing” agreements designed to guard against market manipulation.</p> 
<h3 class="wp-block-heading" id="strong-btc-price-performance-in-a-year-strong"><strong>BTC Price Performance in A Year</strong></h3> 
<p>According to CoinMarketCap, at press time, <a href="https://www.thecoinrepublic.com/2023/08/07/bitcoin-betting-battle-the-winner-will-get-1-million-sats/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> is trading at $29,084.48 with a 24-hour trading volume of $13.56 Billion. BTC is down 0.86% in the last 24 hours with a current market cap of $565.95 Billion. Whereas in the last one year, BTC rose over 20% marking its one year high at $31,814.51, with one year low at $15,599.05.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/YAJDr7PIyaSSHDtml99lxYNcnLAT68wNQzZEs1yzdtCUiG5P9l2MmKhIIsabni0Tm61KTR5mvkU7CIRHhrTquvap28JHU5zuUA53AzfevnSdNsHbBvludg2jB0tNVHjK0Xc9cjzCpZwRAKjvVO40DQ" alt="Europe Launches The First Spot Bitcoin ETF on Euronext Amsterdam" style="width: 100%;height:648px" width="1074" height="648"> 
  <figcaption class="wp-element-caption"> <strong>Source: BTC/USD by CMC</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>As the above price chart shows, the bullish sentiment of BTC price has been witnessed since March of this year. From where, BTC price mostly traded bullish while also reaching its one year high price.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Europe Launches The First Spot Bitcoin ETF on Euronext Amsterdam

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 16, 2023

Litecoin and Bitcoin Cash Bearish Pressure Continues, Pomerdoge Reaches New Heights

Shiba Inu Inspired Shibie Coin IDO On Uniswap Today Amid Shibarium Hype

PayPal Stops Bitcoin Services In This Country!

Shiba Inu: Shibarium Launch Hint Sparks 33 Billion SHIB Transfer

Ark Invest and 21Shares Forge Ahead with New Crypto Fund Proposals

Binance Shuts Down Fiat-to-Crypto Platform, Binance Connect

Join our free newsletter for daily crypto updates!