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The first Bitcoin ETF has been approved

The first Bitcoin ETF has been approved. A review by a Bitcoin mixer: mixer.money
The first Bitcoin ETF has been approved

  1. The world’s only tier one Bitcoin ETF
  2. Direct participation

The Guernsey Financial Services Commission (GFSC) has approved the launch of a centrally-cleared Bitcoin exchange-traded fund (ETF) for Jacobi Asset Management. Guernsey is not part of either the USA or the UK, but instead is a British Crown Dependency located on a small island in the Channel Islands archipelago.

A Bitcoin ETF has been approved in Guernsey

While the Securities and Exchange Commission hesitates to approve crypto-backed funds, they have already started to appear, showing that the U.S. agency is not the only cryptocurrency regulator and obviously not the most loyal one.

The world’s only tier one Bitcoin ETF

It was officially announced that the Jacobi Bitcoin ETF will be listed on CBOE (Chicago Board Options Exchange) Europe if it is approved by the Financial Conduct Authority (FCA).

The company’s CEO Jamie Khurshid stated that Jacobi Asset Management was excited about launching a new product to track the performance of Bitcoin.

He said, “We are de-risking investments in crypto by removing the technology risk associated with the physical asset and the counterparty risk associated with traditional funds or tracker products, that are unregulated leveraged debt instruments.”

Direct participation

Roy McGregor, Chairman of Jacobi Asset Management and former CEO of Credit Suisse Channel Islands, stated that the Jacobi ETF aimed to “finally bring digital assets wholly into the mainstream investment infrastructure with the support of the leading firms we are working with”.

He said, “It will provide investors with the opportunity to participate directly in physically settled Bitcoin.”

Фонд на биткоин – ETF Jacobi

Chris Tyrer, Head of Fidelity Digital Assets in Europe, stated that a “greater diversity of investor interest has created significant demand for additional vehicles for exposure to help provide broader access to digital asset markets”..

Crypto markets are excited about the potential announcement of a cryptocurrency ETF in the USA. Last week, cryptocurrency lender BlockFi Inc and the Ark Investment Management of Cathie Wood placed their names on applications for futures-backed Bitcoin exchange-traded funds.

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