Jacobi Asset Management: Launch of European Spot Bitcoin ETF This July
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CEO Jamie Khurshid said:
"The Jacobi Bitcoin ETF will enable investors to access the underlying performance of this exciting asset class via a well-established and trusted investment structure."
Bitcoin Spot ETF
CEO Jamie Khurshid, a former investment banker for Goldman Sachs, founded Jacobi Asset Management in 2021. The company has experience managing digital assets and comprises "a diversified team of blockchain, technical, investment, and regulatory specialists."
Khurshid believes that the ETF will give investors access to the fundamental performance of this asset class via a "well-established and reputable investment framework." Jacobi wants to "simplify and familiarize" digital asset investments for institutional and professional investors.
Access To Bitcoin
According to Edd Carlton, an institutional digital asset trader at Flow Traders, a spot Bitcoin ETF's listing is "aligned with the growing demand from institutional investors." There have been calls for a spot Bitcoin ETF in the US for many years but only three foreign exchange-traded funds (ETFs) have been introduced thus far, and they are all substantially smaller than most US-based ETFs. The Jacobi Bitcoin ETF will be the largest spot Bitcoin ETF in the world, building on the area ETFs in smaller markets.
Emanuel van Praag, Attorney from Kennedy Van der Laan, commented:
"The first listed crypto ETF in the EU is indeed a proud achievement, and we are happy that we were able to assist Jacobi Asset Management to achieve this goal."
For a 1.5% yearly management fee, Jacobi Asset Management will offer simple investment vehicles to institutional and professional investors in Europe who want access to the Jacobi Bitcoin ETF.