Europe’s first spot Bitcoin ETF has been approved. The ETF is expected to be launched in July.
Jacobi Asset Management has received regulatory approval for Europe’s first spot Bitcoin ETF. The ETF is expected to be listed on Amsterdam’s Euronext exchange next month with the BCOIN ticker. Jamie Khurshid, CEO of Jacobi Asset Management, said in a statement that the ETF “will enable investors to access the underlying performance of this exciting asset class through a well-planned and reliable investment structure, and make digital asset investing simpler and more familiar to institutional and professional investors.” He said he intended to bring
On the other hand, the US maintains its distanced approach to the spot Bitcoin ETF. The US Securities and Exchange Commission (SEC) yesterday rejected Grayscale’s application, which is trying to convert the GBTC product into a spot Bitcoin ETF. The company, which said in its previous statements that it would take legal action in case of a possible rejection, announced that it filed a lawsuit against the SEC after the decision.
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