First EU spot Bitcoin ETF hits Euronext Amsterdam exchange

The spot ETF enables investors to gain exposure to the Bitcoin market without having direct ownership or custody of the underlying asset.The launch of the area Bitcoin ETF marks a milestone for Europe, while United States regulators are yet to permit approval of a number of similar area Bitcoin ETF applications from major asset supervisors including BlackRock and Fidelity.A declaration from Jacobi CEO Martin Bednall highlighted the continents progressive attitude towards cryptocurrency investment items as a prospective catalyst for additional adoption:” It is interesting to see Europe moving ahead of the US in opening up Bitcoin investing for institutional investors who want safe, secure access to the benefits of digital assets utilizing regulated and familiar structures like our ETF.” The launch of Jacoby Bitcoin ETF follows the debut of a Bitcoin Equities ETF on the Euronext Amsterdam exchange by Melanion Capital in June 2023. The ETF is developed to track the Melanion Bitcoin Exposure Index, which is a custom-made basket of American and european stocks carefully tied to BTCs market price.This differs from the area ETF, in that financiers gain exposure to the fund which is comprised of stocks from business with considerable investments in Bitcoin holdings, cryptocurrency exchanges and mining operations.This consists of the likes of innovation firm MicroStrategy, which holds over 140,000 BTC, as well as major Bitcoin mining business like Riot, Marathon Digital and Hut8.Europe will invite a first ever area Bitcoin exchange traded fund after the long-awaited launch of Jacobi Asset Managements Jacobi FT Wilshire Bitcoin ETF.Magazine: SBF ordered to jail, Bitcoin ETF postponed and SEC to appeal Ripple case: Hodlers Digest, Aug. 6-12