Jacobi Asset Management’s Bitcoin ETF Starts Trading on Euronext in Amsterdam

London-based Jacobi Asset Management’s Bitcoin ETF will start trading on Euronext in Amsterdam under the ticker BCOIN this month.

Custody services will reportedly be provided by Fidelity Digital Assets. Flow Traders and DRW will act as market makers. Legal support has been provided by Kennedy Van der Laan.

Jacobi Asset Management received approval to launch the first Bitcoin ETF in Europe from the Guernsey Financial Services Commission in October last year. The ETNs are currently listed on stock exchanges in the region and are structured as debt instruments.

The administration cost will be 1.5% of assets under management, while the minimum investment is $100,000.

The BCOIN will reportedly be available to institutional and professional investors.

The Netherlands will thus become the fourth country to approve the listing of a Bitcoin ETF after Canada, Brazil and Australia.