Hi everyone ! In this article I’m gonna give you a great news regarding and ETFspot BTC on in his way to go public in Europe !
Source : www.bitcoininsider.org
What is an ETFspot ?
An ETF is an investisment tool that tracks a large group of asset like the S&P 500 tracks the 500 biggest company in the US or it can track one particular asset like the Gold ETF.
In short, with ETF futures you trade your contract that says you have x amount of BTC to someone but you find an arrangement with the buyer for a price regardless of the actual price of 1 BTC.
Many ETF BTC futures have been accepted by the SEC like the one by Grayscale.
Meanwhile, an ETFspot tracks the actual price of a Bitcoin so the price really matters.
However, none ETFspot BTC have been accepted in the US by the SEC or in Europe but things are about to change in the EU !
The Change
One year after requesting an ETFspot BTC in the euro zone, Jacobi Asset Management will at the end of this month lunch the ETF ! Two year after the approval by Guernsey Financial Services Commission (GFSC).
Source : au.yahoo.com
It will be launch on the Euronext Amsterdam, one of the oldest market in Europe.
Conclusion
Despite the strict regulation in Europe highlighted by the Mica law, the EU seems to be a better place for crypto to grow.
As always thank you for reading !
Piblished first on Medium
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