U.S. markets open in 7 hours 30 minutes
  • S&P Futures

    4,541.25
    +32.75 (+0.73%)
     
  • Dow Futures

    34,273.00
    +271.00 (+0.80%)
     
  • Nasdaq Futures

    15,959.50
    +89.75 (+0.57%)
     
  • Russell 2000 Futures

    2,172.20
    +25.90 (+1.21%)
     
  • Crude Oil

    66.56
    +0.99 (+1.51%)
     
  • Gold

    1,779.30
    -5.00 (-0.28%)
     
  • Silver

    22.42
    +0.08 (+0.36%)
     
  • EUR/USD

    1.1326
    +0.0004 (+0.03%)
     
  • 10-Yr Bond

    1.4340
    0.0000 (0.00%)
     
  • Vix

    31.12
    +3.93 (+14.45%)
     
  • GBP/USD

    1.3294
    +0.0016 (+0.12%)
     
  • USD/JPY

    113.1860
    +0.4060 (+0.36%)
     
  • BTC-USD

    56,549.93
    -441.71 (-0.78%)
     
  • CMC Crypto 200

    1,436.83
    -32.26 (-2.20%)
     
  • FTSE 100

    7,168.68
    +109.23 (+1.55%)
     
  • Nikkei 225

    27,753.37
    -182.25 (-0.65%)
     

Jacobi Asset Management Wins Bitcoin ETF Approval in Guernsey

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Bitcoin exchange-traded funds (ETFs) are popping up across the Atlantic.

  • Newcomer digital assets manager Jacobi Asset Management said Friday that it won approval from regulators on the island of Guernsey to launch a physically-backed bitcoin ETF.

  • The news comes as U.S. investors await the fate of a spate of bitcoin futures-linked ETFs from the Securities and Exchange Commission (SEC). With Bloomberg reporting their approval is imminent, the crypto markets are rallying, with bitcoin leading the way.

  • Jacobi plans to list the ETF on Cboe Europe pending further regulatory approval. It said in a press release that the U.K.’s Financial Conduct Authority still must weigh in on pre-listing.

  • The Jacobi Bitcoin ETF will only be open to institutions when it launches. The ETF carries a 1.5% management fee, a brochure said.

  • Fidelity Digital Assets will be the custodian of the fund’s bitcoin, a press release said. A spokesperson for Jacobi did not immediately reply to a request for comment.

See also: Lessons From the Canadian Model for a Crypto ETF