Jacobi Asset Management to launch Europe's first bitcoin ETF on Euronext

Flow Traders

30/06/2022 06:48

BRUSSELS, June 30 (Reuters) - Investment company Jacobi
Asset Management said on Thursday that it would launch Europe's
first bitcoin exchange-traded-fund (ETF) on the Euronext
exchange, in a further sign of the cryptocurrency's appeal
despite its volatile price swings.
    The company said its Jacobi Bitcoin ETF will begin trading
in July on the Euronext Amsterdam Exchange under the ticker
symbol of 'BCOIN'. 
    Earlier this month, Bitcoin dropped to as low as $17,592.78,
falling below the key $20,000 level for the first time since
December 2020. Bitcoin, the largest digital currency, is down
about 70% from its high of around $69,000 in November.

 (Reporting by Sudip Kar-Gupta; Editing by Jacqueline Wong)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))