Jacobi Asset Management, specialists in banking, regulation, and fintech have announced in a press release on October 15, the approval of the “World’s first tier one” Bitcoin ETF. According to the firm, the Jacobi Bitcoin ETF is a centrally cleared crypto-backed financial instrument, authorized by the Guernsey Financial Services Commission (GFSC) and with Bitcoin custody provided by Fidelity Digital Assets.
Subject to Financial Conduct Authority (FCA), Jacobi is planning to list the ETF on CBOE Europe, one of the largest pan-European equity exchanges. The nascent firm, headed by former Goldman Sachs investment banker CEO Jamie Khurshid intends to launch additional crypto-backed funds in the future.
While U.S. investors await the U.S. Securities and Exchange Commission to unleash the dozens of Bitcoin funds into the U.S market, Jacobi Bitcoin ETF will be added to a list of widely available Bitcoin and Crypto related funds in Europe and Canada.
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