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<ul class="news-points"> 
 <li>Many environmental experts were concerned by Jacobi Asset Management’s decision to add an ESG label to its Bitcoin ETF.</li> 
 <li>Martin Bednall, Chief Executive of Jacobi, told investors that the ETF will be fully decarbonized.</li> 
 <li>Jacobi will support renewable energy initiatives to make up for the greenhouse gas emissions brought on by Bitcoin mining.</li> 
</ul> 
Jacobi Asset Management has attached an ESG (Environmental, Social, and Governance) label to its <a href="https://coinedition.com/tag/bitcoin-etf/" rel="noopener noreferrer nofollow">Bitcoin exchange-traded fund (ETF)</a>, a decision that concerned many environmental experts. 
Jacobi Asset Management, the European ETF issuer, is specialized in providing institutional investors with digital asset management. The company said its Jacobi FT Wilshire Bitcoin ETF is an Article 8 fund, which is a fund that promotes ESG according to EU regulations. <a href="https://www.bloomberg.com/news/articles/2023-08-28/crypto-etf-drags-esg-label-into-wildly-volatile-world-of-bitcoin" target="_blank" rel="noopener noreferrer nofollow">Bloomberg</a> reported that the Article 8 fund category covers about $6 trillion in assets. 
This is the first time the EU’s ESG investing rules have been applied to an ETF that allows investors to “speculate on the value of Bitcoin,” according to Bloomberg. Martin Bednall, Chief Executive of Jacobi, told investors that the ETF will be fully decarbonized. 
Bednall share… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/first-bitcoin-etf-in-europe-receives-an-esg-label-sparking-debate/">First Bitcoin ETF in Europe Receives an ESG Label, Sparking Debate</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

First Bitcoin ETF in Europe Receives an ESG Label, Sparking Debate

Coin Edition

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