The First Bitcoin ETF in Europe will be Introduced by Jacobi Asset Management on Euronext
- Jacobi Asset Management will release Europe’s first Bitcoin ETF.
- The business announced that its Jacobi Bitcoin ETF will begin trading on Euronext Amsterdam in July under the ticker symbol “BCOIN.”
- ETF will give investors access to the fundamental performance of this new asset class through a reputable and well-established investment framework.
Bitcoin has experienced a surge in popularity in recent years, with more and more people interested in investing in cryptocurrency. However, its volatile price swings have deterred some potential investors.
Jacobi Asset Management is hoping to change that with the launch of Europe’s first Bitcoin ETF. The fund will be listed on Euronext, providing investors with a way to access the cryptocurrency without having to deal with its volatility.
The launch of the bitcoin ETF is a sign that the cryptocurrency is gaining mainstream acceptance and could become a more widely-used investment vehicle in the future.
The Jacobi Bitcoin Exchange Traded Fund (ETF) was introduced with premium partners, covering every level of the investing infrastructure, and is the first authorized and regulated Bitcoin ETF in Europe. As an open-ended ETF, it provides institutional, experienced, and sophisticated investors with the simplest and safest way to access Bitcoin.
Now that this safe and secure equity-like instrument is available, digital assets and cryptocurrencies may be included in a variety of investment portfolios. Investment in Bitcoin is now possible without the hassle of finding, protecting, and storing it.
Bitcoin’s recent price drop has been a cause for concern for many investors. While the exact reasons for the sharp decline are not entirely clear, some experts believe that it may be due to a combination of factors, including inflation fears, central bank policies, and overall market conditions. Whatever the case may be, it is still early days in the life of Bitcoin and other cryptocurrencies, so it remains to be seen how they will weather this latest storm.
Bitcoin’s recent price drop has been a cause for concern for many investors. Some have even called it a bubble bursting. However, many experts believe that this is simply a correction after such a massive run-up in prices. While the short-term outlook may be bleak, the long-term prospects for Bitcoin remain strong.
One of the main reasons Bitcoin’s price drops has been the sell-off of other cryptocurrencies. As investors become more risk-averse, they are selling off their high-risk assets in favor of safe-haven assets like gold. This has caused a ripple effect throughout the cryptocurrency market, with prices across the board falling significantly.
Despite the current market conditions, there are still many reasons to be bullish on Bitcoin. The underlying technology is sound and continues to be developed at a rapid pace. Moreover, institutional interest in Bitcoin remains high, with major players like Square and Mass Mutual investing heavily in digital currency. In light of these factors, it’s likely that Bitcoin will eventually rebound and reach new highs once again.
Barry Pene is a stern blockchain research/copywriter. Barry has been trading cryptos since 2017 and has been invested in issues that would put the blockchain industry on the right pedestal. Barry's research expertise cuts across blockchain as a disruptive technology, DeFis, NFTs, Web3, and reduction of energy consumption levels of cryptocurrency mining.
