The European Union has recently seen the launch of the first-ever spot Bitcoin ETF, issued by London-based Jacobi Asset Management. This fund has been classified as an Article 8 fund, which are those that “promote environmental and/or social characteristics”. The ETF is called Jacobi FT Wilshire Bitcoin ETF and it was launched on the Euronext Amsterdam stock exchange on August 15th.The ETF is promoted as a physically-backed fund, providing investors with an opportunity to access a financial product supported by actual BTC. Jacobi Asset Management has emphasized the eco-friendly nature of the ETF, as it uses outside information to calculate how much energy the Bitcoin network uses. It then purchases and “retires” RECs, which are tracked on a blockchain service to let investors confirm the fund’s environmentally friendly statements.Investors can get exposure to DeFi and Web3 in multiple ways. They can explore digital assets on decentralized exchanges (DEXs) and build noncustodial portfolios, provide liquidity to DEXs, stake their tokens with blockchains that use a version of the proof-of-stake (PoS) algorithm, lend crypto funds with decentralized lending apps, and invest in DeFi projects. Legendary investor Warren Buffett once said that we should never invest in businesses that we don’t understand. While understanding all intricacies of decentralized networks might be unachievable, this shouldn’t lead to lost opportunities. This platform brings together the best of all worlds in one simplified interface to make investing in Web3 easier for all investors.
This News Article was automatically generated by Bob the Bot(AI)
This News Article was automatically generated by Bob the Bot(AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 9 |
| People | Martin Bednall, Warren Buffett |
| Companies | renewable energy certificates (RECs)., Lido, Jacobi FT Wilshire Bitcoin ETF, Bloomberg, proof-of-stake (PoS), Jacobi Asset Management, European Sustainable Finance Disclosure Regulation (SDFR), decentralized exchanges (DEXs), Euronext Amsterdam |
| Currencies | btc., ethereum, lido, recs, bitcoin |
| Securities |
