Europe's first bitcoin exchange traded fund (ETF) is expected to launch this month, following a 12-month delay. Jacobi Asset Management had initially planned to list its bitcoin ETF on Euronext Amsterdam in July 2022, but decided to postpone the launch after the Terra Luna crypto crash and FTX's collapse later that year. The asset manager said demand has since shifted and it is now "on track" to launch the ETF.

In Europe, all digital assets exchange traded products have been structured as exchange traded notes, rather than funds. Jacobi Asset Management has emphasized that its ETF cannot be leveraged or use derivatives, which could lead to significant counterparty risk, unlike ETNs.