CryptoNews: Europe's first BitcoinETF, listed as BCOIN on Euronext Amsterdam, is set to launch later this month, according to Jacobi Asset Management. 🚀
ETF, listed as BCOIN on Euronext Amsterdam, is set to launch later this month, according to Jacobi Asset Management.
Due to the Terra Luna and FTX collapses, the company delayed the ETF's launch in 2022; however, it now claims that launch is on schedule because "demand has shifted.", this will be the “first Bitcoin ETF on Euronext,” which will allow investors to “directly acquire and own the units of the fund that owns the bitcoin.”
Every other exchange-traded product for digital assets in Europe, according to Jamie Khurshid, CEO of Jacobi, is designed as an exchange-traded note that offers ownership of a debt security on the asset rather than the underlying asset itself. Investors will be able to make informed judgements regarding the debt and risk exposure they are taking on thanks to the ETF's transparency. The digital assets that support the ETF will be maintained in custody by Fidelity Digital Assets under independent audit for the benefit of the fund.Related Articles
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