Fun

News Feed - 2023-08-29 06:08:12

David Attlee14 hours agoJacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuerJacobi FT Wilshire Bitcoin ETF has been defined as an Article 8 fund by its issuer firm.2324 Total views31 Total sharesListen to article 0:00NewsJoin us on social networksThe 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 Euronext 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, Jacobi’s CEO, who calls the ETF “fully decarbonized” for its partial investments in renewable energy certificates (RECs). However, academic experts questioned by journalists posed a contradiction: With Bitcoin’s mining energy intensity, the ETF should purchase such a high amount of RECs that it would not only match but exceed the volume of energy consumed by its Bitcoin assets.


Jacobi FT Wilshire Bitcoin ETF went live more than a year later than its planned launch in 2022. The introduction was promoted as the primary spot, or physically-backed, Bitcoin (BTC) fund, providing investors with an opportunity to access a financial product supported by actual BTC.


From the outset, Jacobi Asset Management emphasized the eco-friendly nature of the ETF. The fund uses outside information to calculate how much energy the Bitcoin network uses. It then purchases and “retires” RECs. These certificates are tracked on a blockchain service, which is designed to let investors confirm the fund’s environmentally friendly statements.


Magazine:Bitcoin ‘supercomputer’ and BTC DeFi coming soon# Bitcoin# Europe# ETF# Adoption# European Union# ESGAdd reactionAdd reactionRead moreWho invented NFTs?: A brief history of nonfungible tokens5 real-world Python applications Spot Bitcoin ETF approved, but not in the US

News Feed

Report: Financial Services Giant Old Mutual Appointed Manager of South African Stablecoin Project’s Cash Reserves
Report: Financial Services Giant Old Mutual Appointed Manager of South African Stablecoin Project"s Cash Reserves One of South Africa’s largest financial services groups, Ol
Rakesh Upadhyay7 hours agoPrice analysis 10/20: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATICBitcoin price briefly pushed above the $30,000 level. Are altcoins poised to follow?2069 Total views5 Total sharesListen
US Seizes 18 Crypto ATMs Purchased Using Fraudulent SBA Loans — Arrests Owner
US Seizes 18 Crypto ATMs Purchased Using Fraudulent SBA Loans — Arrests Owner U.S. law enforcement has seized 18 cryptocurrency ATMs that were purchased using fraudulent loans fr
Harvard Economics Professor: Governments Will Not Allow Bitcoin on a Big Scale and They Will Win
Harvard Economics Professor: Governments Will Not Allow Bitcoin on a Big Scale and They Will Win Harvard Professor of Economics and former Chief Economist at the
Cryptopunks NFT Collection Joins Axie Infinity and Opensea by Hitting $1 Billion in Sales
Cryptopunks NFT Collection Joins Axie Infinity and Opensea by Hitting $1 Billion in Sales On Saturday, August 28, the non-fungible token (NFT) project Cryptopunk
Prashant Jha1 hour agoCurve Finance to reimburse users, another DeFi hack, and ConsenSys launches L2: Finance RedefinedThe DeFi ecosystem had another exploit of over $2 million on a stablecoin liquidity pool this past we
Worldcoin partners with Alchemy to build blockchain infrastructure
Savannah Fortis8 hours agoWorldcoin partners with Alchemy to build blockchain infrastructureWorldcoin revealed a partnership with Alchemy to build out infrastructure for its blockchain World Chain, which is also the new
Swiss Bank Julius Baer Offers New Digital Asset Services With Licensed Crypto Bank SEBA
Swiss Bank Julius Baer Offers New Digital Asset Services With Licensed Crypto Bank SEBA Switzerland, a nation that’s been quite positive towards crypto business, is facilit
David Attlee53 minutes agoBrazil: Senate Commission will analyze the AI bill in 120 daysThe bill, aimed at regulating the artificial intelligence in the country, was introduced to the Senate in December 2022.298 Total vi
US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse
US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), Fi
Bitcoin Difficulty Increases 6% — It’s Still 48% Easier to Find BTC Blocks Than It Was 30 Days Ago
Bitcoin Difficulty Increases 6% — It"s Still 48% Easier to Find BTC Blocks Than It Was 30 Days Ago As expected, Bitcoin’s mining difficulty increased thi
Stablecoin Economy Growth Stagnates for 73 Days, USDC Market Cap Slides 5% Lower
Stablecoin Economy Growth Stagnates for 73 Days, USDC Market Cap Slides 5% Lower Since the Terra stablecoin fiasco in May, the top stablecoins by market capitalization dropped 10.6