Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer

The primary-ever spot exchange-traded fund (ETF) launched on the European market has been classed as an Article 8 fund by its issuer agency, London-based Jacobi Asset Administration. Funds included beneath Article 8 of the European Sustainable Finance Disclosure Regulation (SDFR) are people who “promote environmental and/or social traits.”

On Aug. 29, Bloomberg reported that Jacobi Asset Administration had labeled its Jacobi FT Wilshire Bitcoin ETF as an Article 8 fund. The fund, launched on the Euronext Amsterdam inventory alternate on Aug. 15, turns into the primary Bitcoin ETF traded in Europe, and the primary to have the European Union’s environmental, social and governance investing guidelines utilized.

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