Jacobi, an asset management firm, announced the expansion of its Bitcoin ETF access for retail investors in Europe after receiving approval from the Guernsey Financial Services Commission.
Availability of Bitcoin ETF for Retail Investors
Jacobi has announced that its Bitcoin ETF, launched in 2023 on Euronext Amsterdam, is now accessible not only to professional and institutional investors. Retail investors can now invest in the ETF via regulated brokerage and investment platforms, subject to their national regulators' rules.
Prospects for Jacobi BCOIN ETF in Europe
Jacobi BCOIN has the potential to become the first Bitcoin ETF trading in Europe, distinguishing it from other crypto products. While there are already physical Bitcoin ETPs from CoinShares and Bitwise in Europe, there are no fully comparable Bitcoin ETFs. The new ETF from Jacobi could attract investor interest in a sector with over 100 crypto ETPs, although competition will be tough.
Impact on Bitcoin ETF and ETP Market
In light of this move, Bitcoin ETFs in the U.S. have faced significant outflows, with $1.23 billion withdrawn in the past three days. Despite challenges, BlackRock's IBIT ETF remains one of the leaders and is expected to become the largest holder of Bitcoin by the end of 2026.
The launch of Jacobi BCOIN ETF for retail investors may alter the dynamics of the cryptocurrency market in Europe, given the growing interest in digital assets amid changing regulatory conditions.
