Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer
Jacobi FT Wilshire Bitcoin ETF has been defined as an Article 8 fund by its issuer firm. The first-ever spot Bitcoin exchange-traded fund (ETF) launched on the European market has been classed as an Article 8 fund by its issuer firm, London-based Jacobi Asset Management. Funds included under Article 8 of the European Sustainable Finance Disclosure Regulation (SDFR) are those that “promote environmental and/or social characteristics.” On Aug. 29, Bloomberg reported that Jacobi Asset Management had classified its Jacobi FT Wilshire Bitcoin ETF as an Article 8 fund. The fund, launched on the Amsterdam stock exchange on Aug. 15, becomes the first Bitcoin ETF traded in Europe, and the first to have the European Union’s environmental , social and governance investing rules applied. Related: Hashdex joins race for spot Bitcoin ETF with unique strategy The report cites Martin Bednall, the CEO of Jacobi, who is calling the ETF “fully decarbonized” for its partial investments in renewabl...