Jacobi lists Europe’s first spot Bitcoin ETF decarbonised by Zumo
Underscoring the evolving landscape of digital asset investment and environmental consciousness, Jacobi Asset Management (Jacobi) has introduced Europe's first spot Bitcoin exchange-traded fund (ETF) on the Euronext Amsterdam exchange. Named the Jacobi FT Wilshire Bitcoin ETF, this innovative investment vehicle not only marks a significant milestone in cryptocurrency but also sets a new standard for environmental sustainability in the sector. The ETF stands out as a decarbonised digital asset fund compliant with SFDR Article 8 regulations, reflecting Jacobi's commitment to responsible investing.
One of the standout features of the Jacobi FT Wilshire Bitcoin ETF is its verifiable built-in Renewable Energy Certificate (REC) solution. This solution addresses a pressing concern in the crypto space - the energy consumption associated with Bitcoin mining. By integrating REC, Jacobi not only offers institutional investors exposure to the potential benefits of Bitcoin but also enables them to align their investment strategies with environmental, social, and governance (ESG) objectives.
Regulated by the Guernsey Financial Services Commission (GFSC), the ETF trades under the ticker symbol BCOIN.
The ETF derives its benchmark from the FT Wilshire Bitcoin Blended Price Index, a reflection of its commitment to transparent and reliable valuation. The pricing mechanism is also underpinned by the expertise of Wilshire Indexes, ensuring accurate and real-time pricing for investors. However, the true innovation lies in the collaboration with digital asset platform Zumo, which has led to the creation of the REC solution. This partnership has enabled Jacobi to bridge the gap between digital asset investments and environmental responsibility.
Mark Makepeace, CEO of Wilshire Indexes said:
“The launch of the Jacobi FT Wilshire Bitcoin ETF is an important milestone for the digital asset industry and a transformative moment for the global financial industry. We are excited about the partnership with Jacobi and, as a leader in the development of institutional grade digital asset benchmarks, we are committed to helping accelerate the advancement of the entire digital asset ecosystem.”
Kirsteen Harrison, Environmental Manager, Zumo, commented:
“The decarbonisation of crypto is one of the most pressing challenges facing the nascent digital assets sector, and there is increasing pressure on all businesses to have credible plans to decarbonise. We’ve been working closely with Jacobi Asset Management to help them build out an ESG-aligned, future-proofed crypto offering for their customers. It’s hugely exciting to see it come to life in the shape of Europe’s first Bitcoin ETF. We’re creating the investment products of tomorrow – what a moment for the industry.”