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Jacobi Gets Bitcoin ETF Listing on Euronext in Amsterdam

London-based Jacobi Asset Management has received a listing of a bitcoin exchange-traded fund (ETF) on Euronext in Amsterdam.

Trading in the instrument under the ticker BCOIN will begin in July. A specific date is not given.

Custodial services will be provided by Fidelity Digital Assets. Flow Traders and DRW will act as market makers. Legal support was provided by Kennedy Van der Laan.

Jacobi Asset Management received approval to launch the first Bitcoin ETF in Europe from the Guernsey Financial Services Commission in October 2021. ETNs are currently listed on the region’s stock exchanges and are structured as debt instruments.

The management cost will be 1.5% of AUMthe minimum investment is $100,000.

BCOIN will be available to institutional and professional investors.

The Netherlands will become the fourth country to approve the listing of a bitcoin ETF after Canada, Brazil and Australia.

Recall that Grayscale Investments sued SEC due to the refusal to convert GBTC into an exchange-traded fund based on the first cryptocurrency.

The US Securities and Exchange Commission has not yet approved any application to launch a spot bitcoin ETF.

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My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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