For the first time the door of an ETF Bitcoin opens to retail investors in Europe

By Hannah Pérez

The ETF Bitcoin managed by Jacobi opens access for the first time to retail investors in Europe after Guernsey’s regulatory changes. It is the first and only ETF with direct exposure to Bitcoin in Europe.

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The ETF Bitcoin managed by Jacobi opens access to retail investors in Europe for the first time
The administrator announced the reduction of entry railings after regulatory changes in Guernsey
The measure means that now access is not limited only to professional investors

Retail investors in Europe can now obtain exposure to Bitcoin by means of a bag quoted in the stock market (ETF).

The administrator Jacobi Asset Management An important milestone announced on Tuesday in the evolution of investment in digital assets in Europe: it is opening the door of its ETF Bitcoin to retail investors in the European market.

Launched in August 2023, the product of Jacobi It was the first ETF of Bitcoin in cash in Europe. The vehicle, originally listed in the Euronext Amsterdam bag, follows the price of Bitcoin and is physically backed. It stands out for being “green”, since it compensates for the energy consumption of the network Bitcoin with renewable energy certificates.

Due to the volatility of the action of the price of BitcoinThe fund maintained minimum in -line investment requirements with the regulatory rules. However, the ETF has reduced its entry barriers from the recent elimination of the minimum investment requirements by the Guernsey regulator, which previously allowed only professional investors.

Development means that, for the first time, retail investors, subject to the rules of their respective national regulators, can now access the ETF Jacobi Bitcoin through brokerage and investment platforms. This step not only improves accessibility, but it reinforces the mission of Jacobi To democratize safe exposure to digital assets, the company said in a statement.

“Our fund was designed from the first day with a regulated institutional degree structure in which investors could trust and with which they were familiar“, Said Peter Lane, CEO of Jacobi Asset Management.

ETF Bitcoin European opens its doors to retail investors

Development occurs at a time of growing appetite of institutional, corporate and retail investors in Bitcoin and regulated financial products that provide access to the insigneous cryptocurrency. This interest wave coincides with the recent increase in price of Bitcoin and a more favorable regulatory panorama in main markets such as Europe and the US.

Lane mentioned this changing regulatory environment as a key advance for the European milestone:

“Now, with a greater regulatory alignment and a growing public interest, we are delighted to expand access to all investors in eligible jurisdictions. We applaud Guerensey as an innovative jurisdiction that has adopted the evolution of digital assets and hopes to bring to the market more innovative digital asset products with solid regulatory supervision”

In the statement, the company Jacobi He added that he has worked closely with partners such as COLLAS CRILL, MIDSHORE CONSULTING and Sigma Asset Management to ensure the elimination of restrictions on retail participation.

The fund continues to be safeguarded by Zodia custodywhich provides safe solutions of institutional degree custody.

It is worth noting that in Europe there are numerous investment vehicles regulated with exposure to Bitcoinalthough the vast majority are products negotiated in the stock market (ETP) instead of ETF. In the United States, the offer is largely focused on ETF al cash.

Bitcoin (BTC) is negotiated around USD $ 105,350 at the time of writing these lines, 1% higher in 24 hours and 6% below its historical maximum seen on May 22 close to USD $ 112,000, according to Coinmarketcap.

Hannah Estefanía Pérez / Diariobitcoin

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