Jacobi has received approval to launch bitcoin ETF
Only institutional and qualified investors will have access to the fund
18.10.2021 - 14:15
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What's new? Jacobi Asset Management has received approval from the Guernsey Financial Services Commission (GFSC) to launch a first-tier bitcoin ETF. This term describes the ecosystem of top partners, explained Jacobi CEO Jamie Khurshid.
What is known about the launching of the new fund? ETF shares will be traded on the European Cboe Exchange after approval of the listing by the UK Financial Supervisory Authority. The company that will customize digital assets is Fidelity Digital Assets. The minimum investment amount will be $100 000, and only institutional and qualified investors will have access to the fund.
“The Jacobi Bitcoin ETF will finally bring digital assets wholly into the mainstream investment infrastructure with the support of the leading firms we are working with. It will provide investors with the opportunity to participate directly in physically-settled Bitcoin.” said Roy McGregor, Jacobi’s chairman.
What had happened before? As we mentioned last week, the US Securities and Exchange Commission (SEC) had approved the launching of the bitcoin ETF futures by ProShares. The bid is scheduled to start on Monday, 18 October.
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