Europe's First Bitcoin ETF

The U.S. securities regulator rejected a proposal to list a spot bitcoin exchange-traded fund (ETF) by Grayscale, one of the world's biggest digital asset managers, on the NYSE Arca exchange.

In Europe, one small asset management Jacobi got ETF approval that would launch on Euronext. Still I do not have much information about this company. It just serves on europe.

Jacobi Asset Management said on Thursday that it would launch Europe's first bitcoin exchange-traded-fund (ETF) on the Euronext exchange, in a sign of the cryptocurrency's appeal despite its volatile price swings.

The company said its Jacobi Bitcoin ETF would start trading in July on Euronext Amsterdam under the symbol of 'BCOIN'.

"The Jacobi Bitcoin ETF will enable investors to access the underlying performance of this exciting asset class via a well-established and trusted investment structure," said Jacobi CEO Jamie Khurshid, a former Goldman Sachs banker.

Earlier this month, ProShares announced plans to launch an ETF aimed at 'shorting' bitcoin - namely betting on a future fall in its value.

Source: Reuters