First Bitcoin ETF approved in Europe


The Guernsey Financial Services Commission became the first organization in Europe to approve the launch of a Bitcoin ETF from Jacobi Asset Management. It is the first exchange-traded fund based on the first cryptocurrency in the EU.

Fidelity Digital Assets became the custodian of the newly launched tool, and Midshore Consulting will conduct consultations. Jacobi Asset Management's Bitcoin ETF will be listed on the European stock exchange Cboe Europe, however, the company must obtain permission from the UK Financial Conduct Authority to do so.

Jacobi Asset Management's Bitcoin ETF trading will only be available to institutional, professional and experienced investors with a minimum investment of $ 100,000.

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