Fund Solutions

Decarbonised Digital Asset Fund lists in Amsterdam

Europe’s inaugural spot Bitcoin exchange-traded fund (ETF) has been introduced by Jacobi Asset Management (AM) on the Euronext Amsterdam exchange. The newly launched Jacobi FT Wilshire Bitcoin ETF is the first decarbonised digital asset Article 8 fund under the EU’s Sustainable Finance Disclosure Regulation. The fund has a verifiable built-in Renewable Energy Certificate (REC) solution. This approach allows institutional investors to harness the advantages of Bitcoin while concurrently advancing their ESG objectives, the asset manager said. Under the regulatory oversight of the Guernsey Financial Services Commission (GFSC), the fund operates with the trading symbol ‘BCOIN’. The performance benchmark for the fund is derived from the FT Wilshire Bitcoin Blended Price Index, which is sourced from Wilshire Indexes. The REC solution has been formulated through a collaborative effort involving digital asset platform Zumo. Martin Bednall, CEO of Jacobi AM, said: “It is exciting 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 using familiar and regulated structures like our ETF. Unlike other products in the European market which are debt instruments, our fund owns the underlying asset directly.”

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