The Jacobi Bitcoin ETF will be the first spot bitcoin ETF made available to institutional European investors on the Euronext Amsterdam market.

While Bitcoin ETF proposals are still being denied in the United States, the first Bitcoin ETF will be launched in Europe next month.

Investment firm Jacobi Asset Management said on Thursday that it will introduce a Bitcoin Exchange-Traded Fund (ETF) on the Euronext Amsterdam Exchange in July.

“The Jacobi Bitcoin ETF will enable investors to access the underlying performance of this exciting asset class via a well-established and trusted investment structure,”

Jamie Khurshid, CEO of Jacobi Asset Management said

“Our goal at Jacobi is to make digital asset investments simpler and more familiar for institutional and professional investors.”

The Jacobi Bitcoin ETF will become Europe's first Bitcoin exchange-traded fund upon its introduction

a crucial milestone for the cryptocurrency sector considering the recent market crisis