Jacobi Asset Management plans to start the first European Bitcoin ETF at Euronext Amsterdam despite previous delays in July 2023.

Jacobi Asset Management plans to start the first European Bitcoin ETF at Euronext Amsterdam despite previous delays in July 2023.

Europe is eagerly awaiting the first European Bitcoin ETF, which Jacobi Asset Management should be launched. The trade was originally supposed to start in July 2022 at Euronext Amsterdam under the name Bcoin. Unfortunately there were delays, and the investment instrument is expected to start work this month.

According to a report by the Financial Times, the fund will start in July 2023. Last year, Jacobi Asset Management decided to withdraw due to unfavorable circumstances such as the collapse of organizations such as Three Arrows Capital, Terraform Labs and FTX. But the demand has changed since last summer, which has led to a new decision.

The Jacobi Bitcoin ETF offers investors the opportunity to participate in Bitcoin in a well-established manner. However, it is worth noting that there are already other crypto -related ETFs in Europe. Melanion Capital recently launched his Bitcoin Equities ETF, which pursues the performance of various companies in the crypto industry instead of deriving directly from the Bitcoin performance. This ETF contains companies such as Microstrategy, Coinbase, Robinhood as well as mining companies such as Marathon Digital, Riot and Hut8.

In Europe, stock exchange -traded products for digital assets usually have the structure of stock exchange -traded bonds (ETNS) and not from funds. The main difference is that ETF investors keep shares in the fund, while ETN investors have bonds that represent the underlying assets.

In 2022, Peter Lane, co -founder and Chief Operating Officer from Jacobi, criticized the issuers of debt bonds because they abuse the term "ETF" to disguise the risks associated with the acquisition and system in ETNs. Jacobi has made it clear that his investment instrument is an ETF and not an ETN. The ETF does not use any derivatives or leverage to minimize the risk of counterpart.