Europe Launches First Spot Bitcoin ETF
In what is certainly an important moment for the industry as a whole, Europe has launched its very first Spot Bitcoin ETF. Called the Jacobi FT Wilshere Bitcoin ETF, the service is in regulatory compliance with the Guernsey Financial Services Commission (GFSC) and has been listed on Euronext Amsterdam two years after its approval.
The official launch shows Europe’s initial spot Bitcoin ETF, as the United States has seen a plethora of companies submit applications. Alternatively, Jacobi was approved for the fund in October 2021. Following plans to list in 2022, the firm ultimately pushed back the launch date due to circumstances.
BREAKING:
— Watcher.Guru (@WatcherGuru) August 15, 2023Europe launches first spot #Bitcoin ETF.
Also Read: SEC Delays Ark INvest Spot Bitcoin ETF Application
Europe Gets First Spot Bitcoin ETF
The last few months have seen spot Bitcoin ETFs become the talk of the digital asset industry. A host of applications in the US from digital asset firms and traditional finance entities alike have seen the offering increase in importance. Now, Europe has officially seen the launch of its very first spot Bitcoin ETF.
The arrival of The Jacobi FT Wilshere Bitcoin ETF is certainly a monumental occasion for the industry. Moreover, the regulated listing will trade under the ‘BCOIN’ ticker, which marks a significant moment in time for digital assets on the continent.
Also Read: SEC Will Not Approve a Spot Bitcoin ETF, Says Former SEC Chief
Jacobi announced that custodial services would be provided by Fidelity Digital Assets. Additionally, they noted that Flow Traders will operate as a market maker in a press release issued today.
The approval for Jacobi’s spot Bitcoin ETF actually came in 2021. Subsequently, plans were set in motion to launch the offering in 2022. However, those plans were thereafter delayed due to the overall market condition within the industry. Specifically, highlighted by the collapse of Terra and crypto exchange FTX.
The United States is currently on track to potentially accept its first spot Bitcoin ETF. A plethora of applications have found their way before the US Securities and Exchange Commission (SEC). Yet, there have been no signs as to whether or not approval could be on the horizon for the country.
Read More
Europe Launches First Spot Bitcoin ETF
In what is certainly an important moment for the industry as a whole, Europe has launched its very first Spot Bitcoin ETF. Called the Jacobi FT Wilshere Bitcoin ETF, the service is in regulatory compliance with the Guernsey Financial Services Commission (GFSC) and has been listed on Euronext Amsterdam two years after its approval.
The official launch shows Europe’s initial spot Bitcoin ETF, as the United States has seen a plethora of companies submit applications. Alternatively, Jacobi was approved for the fund in October 2021. Following plans to list in 2022, the firm ultimately pushed back the launch date due to circumstances.
BREAKING:
— Watcher.Guru (@WatcherGuru) August 15, 2023
Also Read: SEC Delays Ark INvest Spot Bitcoin ETF Application
Europe Gets First Spot Bitcoin ETF
The last few months have seen spot Bitcoin ETFs become the talk of the digital asset industry. A host of applications in the US from digital asset firms and traditional finance entities alike have seen the offering increase in importance. Now, Europe has officially seen the launch of its very first spot Bitcoin ETF.
The arrival of The Jacobi FT Wilshere Bitcoin ETF is certainly a monumental occasion for the industry. Moreover, the regulated listing will trade under the ‘BCOIN’ ticker, which marks a significant moment in time for digital assets on the continent.
Also Read: SEC Will Not Approve a Spot Bitcoin ETF, Says Former SEC Chief
Jacobi announced that custodial services would be provided by Fidelity Digital Assets. Additionally, they noted that Flow Traders will operate as a market maker in a press release issued today.
The approval for Jacobi’s spot Bitcoin ETF actually came in 2021. Subsequently, plans were set in motion to launch the offering in 2022. However, those plans were thereafter delayed due to the overall market condition within the industry. Specifically, highlighted by the collapse of Terra and crypto exchange FTX.
The United States is currently on track to potentially accept its first spot Bitcoin ETF. A plethora of applications have found their way before the US Securities and Exchange Commission (SEC). Yet, there have been no signs as to whether or not approval could be on the horizon for the country.
Read More