In a major move for the cryptocurrency industry, Jacobi Asset Management has launched Europe’s first Bitcoin Exchange Traded Fund (ETF). The ETF, which is listed on the Swiss Stock Exchange, will allow investors to gain exposure to Bitcoin without having to buy and store the digital asset themselves.

The launch of the ETF marks a major milestone for the cryptocurrency industry, as it is the first time a regulated financial product has been made available to investors in Europe. This will allow investors to gain exposure to Bitcoin without having to go through the process of buying and storing the digital asset themselves.

The ETF is backed by a basket of Bitcoin held in cold storage, meaning that it is not connected to the internet and is therefore secure from hackers. The fund is also insured against theft and loss.

Jacobi Asset Management has stated that the ETF will be available to both institutional and retail investors, allowing them to gain exposure to Bitcoin without having to buy and store it themselves. The fund will also provide investors with a low-cost way to gain exposure to Bitcoin, as it will be traded on the Swiss Stock Exchange.

The launch of the ETF is a major step forward for the cryptocurrency industry, as it provides investors with an easy and secure way to gain exposure to Bitcoin. It also marks a major milestone for the industry, as it is the first time a regulated financial product has been made available to investors in Europe.

This move by Jacobi Asset Management is likely to be followed by other asset management firms launching similar products in other countries. This could lead to a surge in investment in the cryptocurrency industry, as more investors are able to gain exposure to Bitcoin without having to buy and store it themselves.