Jacobi Asset Management plans to launch the First Bitcoin ETF of Europe on Euronext exchange. It is to be noted that ProShares even launched the BTC ETF this month for shorting the price. Also, SEC or also known as the Securities and Exchange Commission. They has also declined proposal of Grayscale Investment to convert to the BTC ETF.
It declared by Jacobi Asset Management that it will launch first Bitcoin ETF of Europe on the platform of Euronext exchange. Here, company also noted that Jacobi ETF will start commencing of the trading activities on Euronext having the symbol or code of BCOIN. It also said by the CEO that Jacobi BTC ETF will allow the investors to simply access the underlying performance for the most thrilling asset class through the trusted & reliable investment structure.
Launching of Bitcoin ETF Strategy
It announced by ProShares plans for the launching of the ETF name as Bitcoin Strategy. It is the ETF that mainly aims to short some of the price of Bitcoin. Since there is a drop expect in the price and the levels of BTC. Here, BITI allows the investors to obtain conveniently short exposure to the bitcoin while buying the ETF in the traditional account of brokerage account.
In the related news, Securities and Exchange Commission also gets decline with the Investment’s proposal of Grayscale to convert the Grayscale Bitcoin Trust for becoming the Bitcoin ETF. Here, CEO of the Grayscale has announced consequently the lawsuit for challenging the decision of SEC. The suit may also argue that process of SEC for violated administrative.
The price level of the Bitcoin has also been in red in last 48 hours. This has recently traded at $19,290, through the close of Ethereum trading which is about $1,000 price point.
