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- The Guernsey Financial Services Commission has given Jacobi Assets Management, a London-based multi-asset investing platform, its permission to establish and set-up BTC exchange-traded funds
- Investors can now trade Jacobi BTC ETFs on a regular exchange in all jurisdictions outside of America and those with comparable limitations, as per GFSC
- Randell emphasised the importance of Insta and Facebook celebs like Kim Kardashian in pushing the unconfirmed tokens, which he believes may mislead uninformed investors
The Guernsey Financial Services Commission has given Jacobi Assets Management, a London-based multi-asset investing platform, its permission to establish and set-up BTC exchange-traded funds. Jamie Khurshid who is the CEO of Jacobi Assets Management mentioned that the legislative certainty allows companies along with institutions to participate in Bitcoin without the risks of Connecting with its tech counterparts. According to officials, Jacobi BTC-ETF is a centrally cleared, crypto-backed financial product which has the backing of Fidelity Digital Assets BTC custody.
Investors can now trade Jacobi BTC ETFs on a regular exchange in all jurisdictions outside of America and those with comparable limitations, as per GFSC. The funds are completely centrally cleared with securities housed at the top central securities depository, which is a method familiar to traditional assets managers, as per Khurshid, who happens to be a former GS investment banker. Khurshid addressed investors from all the recognised jurisdictions, saying that they are putting up feeder funds throughout the world that will invest only in Jacobi ETF to meet domestic demands.
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Randell emphasised the importance of Insta and Facebook celebs like Kim Kardashian in pushing the unconfirmed tokens, which he believes may mislead uninformed investors. The SEC of the US has adopted a proactive approach to allow ETF listings on traditional exchanges. Bakkt, a crypto financial services business, will be the newest to be listed on the NYSE under the ticket code of “BKKT”
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
