Jacobi Asset Management has received approval from the Guernsey Financial Services Commission to launch a traded on bitcoin fund exchange.
On October 15, investment platform Jacobi Asset received approval from the Guernsey regulator to launch a Bitcoin ETF.
The fund will be listed on the European stock exchange Cboe Europe as soon as it receives listing approval from the FCA.
The minimum investment in the Jacobi Bitcoin ETF is $ 100,000, and the asset management fee for professional investors is 15%.
The company spent almost ten months preparing a European ETF fully focused on bitcoin. Jacobi founder and CEO Jamie Khurshid noted:
“None of the ETPs in Europe are regulated. Jacobi's Bitcoin ETF is the only regulated crypto product to be approved as an ETF. "
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