Europe's First Bitcoin ETF Set to Debut After Delays

Jacobi Asset Management's Bitcoin ETF Launches in Europe

Europe's first spot Bitcoin ETF by Jacobi Asset Management is finally set to debut this year after facing delays caused by market conditions and ecosystem collapses. The London-based multi-asset investment platform received approval from the Guernsey Financial Services Commission in October 2021. The ETF will offer a centrally cleared crypto-backed financial instrument with custody supported by Fidelity Digital Assets, distinguishing it from traditional ETNs. While Europe progresses, the United States is still awaiting approval for its first spot Bitcoin ETF, with several institutional giants filing applications in 2023.