Europe’s First Bitcoin Spot ETF Set to Launch in 2023

Europe’s first Bitcoin exchange-traded fund (ETF) focused on spot Bitcoin is projected to debut in 2023, following a year-long delay. The ETF, developed by London-based multi-asset investment platform Jacobi Asset Management, was initially scheduled to launch on the Euronext Amsterdam exchange in July 2022. ETFs, in contrast to ETNs, do not involve leverage or derivative usage, thus mitigating potential market manipulation risks.