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Evening Standard
Evening Standard
Business
Michael Hunter

UK investors to get new way to buy Bitcoin as Jacobi launches ETF

Bitcoin ETF United Kingdom

Bitcoin is the best-known digital currency

(Picture: REUTERS)

UK Investors are about to be offered a new way to buy Bitcoin, the best-known crypto currency, which has been at the centre of a recent price crash for digital assets.

Jacobi Asset Management announced plans to launch Europe’s first exchange traded fund (ETF) in Bitcoin, allowing investors to buy and sell shares in the fund, which will itself hold the digital currency. The ETF will start trading under the symbol BCOIN in July on Euronext in Amsterdam, which will become the largest exchange in the world to list such a fund. Jacobi was set up in May 2021 and says it intends to “shape the future of digital asset management” offering services to “institutional, professional and sophisticated clients.”

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