• The new Bitcoin ETF is trading under the BCOIN ticker.
• The ETF tracks the Melanion Bitcoin Exposure Index which is a custom basket of European and American stocks closely tied to BTC’s market price.

The London-based digital asset management firm, Jacobi Asset Management, announced the launch of its Bitcoin [BTC] exchange-traded fund (ETF) on Euronext Amsterdam on 15 August.

It is for the first time that a Bitcoin ETF has gone live in Europe, with the continent beating the U.S. in the race.

The new Bitcoin ETF is trading under the BCOIN ticker; the Guernsey Financial Services Commission authorized the ETF in October 2021. Thereafter, it decided to launch the product in 2022.

However, the company decided to postpone its plans owing to unfavorable circumstances in the crypto asset market. These included the collapse of the Terra ecosystem and the bankruptcy of cryptocurrency exchange FTX last year.

The ETF tracks the Melanion Bitcoin Exposure Index. The Index is a custom basket of European and American stocks closely tied to BTC’s market price.

Unlike the spot ETF, investors acquire exposure to the fund. This is made

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Author: Suzuki Shillsalot

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