Europe’s first and only bitcoin exchange-traded fund (ETF) is now open to a wider range of investors following a decision by the Guernsey Financial Services Commission.
The Jacobi Bitcoin ETF was originally launched in 2023 and was constructed and regulated to institutional-grade standards, offering a secure, transparent and compliant vehicle for investors.
With bitcoin now established as a mainstream asset, Jacobi has secured the removal of the professional-only restriction and minimum investment requirement on its ETF, making it accessible to a broader range of investors.
The move reinforces Guernsey’s position as a forward-thinking financial hub and showcases Guernsey’s commitment to fostering investment opportunities in digital assets.
“This is a significant moment for both Jacobi and Guernsey,” said Peter Lane, CEO of Jacobi Asset Management. “Our fund was designed from day one with a regulated, institutional-grade structure that investors could trust and were familiar with.
“Now, with greater regulatory alignment and growing public interest, we’re delighted to expand access to all investors across eligible jurisdictions. We applaud Guernsey as an innovative jurisdiction who have embraced the evolution of Digital Assets and look forward to bringing more innovative, digital asset products to market with robust regulatory oversight.”
Jacobi was supported in this endeavour by Collas Crill, Midshore Consulting and Sigma Asset Management, all of whom have been working with Jacobi since before the ETF was launched.
Rupert Pleasant, CEO of Guernsey Finance, said: “This development represents a major step forward for Guernsey. It signals our jurisdiction’s capability and readiness to support regulated digital asset products, bringing international innovation to our shores and expanding our profile in this fast-evolving sector.”
