Europe’s First Spot Bitcoin ETF Lists with Decarbonisation Strategy

• Jacobi Launches Europe’s First Spot Bitcoin ETF
• ESG-Compliant Approach with Decarbonisation Strategy
• Partnerships with Leading Players Ensure Innovation and Sustainability

Jacobi Asset Management launches Europe’s inaugural spot Bitcoin ETF on Euronext Amsterdam, featuring a unique decarbonisation approach compliant with SFDR Article 8. 

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The ETF, traded as BCOIN and regulated by GFSC, utilizes Renewable Energy Certificates (RECs) provided by Zumo. This makes it distinct from carbon offsetting by transparently addressing BTC electricity consumption. 

Specifically, Wilshire Indexes acts as the benchmark provider for BCOIN. Jacobi‘s CEO, Martin Bednall, highlights the ETF’s pioneering role in offering a secure Bitcoin investment avenue for European institutional investors. The fund owns the underlying asset directly, providing a trusted and regulated structure. 

Collaborating with partners like Fidelity Digital AssetsSM, Flow Traders, Wilshire Indexes, and Zumo, Jacobi aims to lead in both digital asset adoption and environmental responsibility.

Mark Makepeace, CEO of Wilshire Indexes, emphasizes the ETF’s significance in advancing the digital asset industry, while Kirsteen Harrison from Zumo underscores the importance of decarbonising crypto. The ETF offers an environment-conscious approach, allowing investors to integrate Bitcoin into their portfolios while auditing environmental claims independently.

Emanuel van Praag of Kennedy Van der Laan lauds Jacobi Asset Management’s achievement in introducing Europe’s maiden SFDR Article 8 digital assets fund. The launch of the Jacobi FT Wilshire Bitcoin ETF showcases Europe’s proactive stance in offering institutional-grade digital asset solutions while addressing environmental concerns.

The ETF’s implementation of RECs and blockchain transparency underscores the industry’s increasing focus on sustainability. Jacobi’s collaboration with trusted partners reflects its commitment to responsible investment innovation, setting a milestone in the evolution of both the digital asset and ESG landscapes.

Looks like Bitcoin ETFs are gaining more popularity by the day. So far, many top-tier banks and financial entities have begun applying to launch Bitcoin ETF services. In the US, the SEC is yet to approve any of these applications.

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