Jacobi Lists Europe's First Spot Bitcoin ETF with Environmental Claims on Euronext Amsterdam

London-based Jacobi Asset Management, a European ETF issuer, today announced that it has listed Europe's first spot Bitcoin ETF on Euronext Amsterdam, called Jacobi FT Wilshire Bitcoin ETFs.

According to Jacobi, the ETF is 'the first digital asset fund compliant with SFDR Article 8 through its decarbonisation strategy’, with a verifiable built-in Renewable Energy Certificate (REC) solution, allowing institutional investors to meet ESG goals while reaping the benefits of investing in Bitcoin.

The ETF is regulated by the Guernsey Financial Services Commission (GFSC) and trades under the ticker BCOIN. Custodial services are provided by Fidelity Digital AssetsSM, with Flow Traders operating as market makers and Jane Street and DRW as Authorised Participants. Fund benchmark, the FT Wilshire Bitcoin Blended Price Index, is provided by Wilshire Indexes with the REC solution created in collaboration with digital asset platform, Zumo.

Martin Bednall, CEO of Jacobi Asset Management, said: "It is exciting to see Europe moving ahead of the US in opening up Bitcoin investing for institutional investors who want safe, secure access to the benefits of digital assets using familiar and regulated structures like our ETF. Unlike other products in the European market which are debt instruments, our fund owns the underlying asset directly. Jacobi is proud to be supported by Tier1 partners at the forefront of this digital asset market evolution whilst also pioneering an innovative, environmentally sound solution for European investors."

Previously, financial service firms such as Fidelity​, BlackRock​, Grayscale​, and Invesco had made multiple applications to US financial regulators for the listing of Bitcoin ETFs, only to face repeated rejections.

Mark Makepeace, CEO of Wilshire Indexes, commented: "The launch of the Jacobi FT Wilshire Bitcoin ETF is an important milestone for the digital asset industry and a transformative moment for the global financial industry. We are excited about the partnership with Jacobi and, as a leader in the development of institutional grade digital asset benchmarks, we are committed to helping accelerate the advancement of the entire digital asset ecosystem."

Kirsteen Harrison, Environmental Manager at Zumo, added: "The decarbonisation of crypto is one of the most pressing challenges facing the nascent digital assets sector, and there is increasing pressure on all businesses to have credible plans to decarbonise. We've been working closely with Jacobi Asset Management to help them build out an ESG-aligned, future-proofed crypto offering for their customers. It's hugely exciting to see it come to life in the shape of Europe's first Bitcoin ETF. We're creating the investment products of tomorrow – what a moment for the industry."