-  Custody provided by Fidelity Digital Assets 
-  Authorised by the Guernsey Financial Services Commission (GFSC)
-  Administrators: Sigma Asset Management (Guernsey) Limited
-  Fund Architecture/Consultancy: Midshore Consulting Limited


Jacobi Asset Management [ https://www.jacobiam.com/ ] has received approval to 
launch the world's first tier one Bitcoin ETF. The Jacobi Bitcoin ETF is a 
centrally cleared crypto-backed financial instrument, authorised by the 
Guernsey Financial Services Commission (GFSC) and with custody provided by 
Fidelity Digital AssetsSM. It is Jacobi's intention to list the Jacobi Bitcoin 
ETF on Cboe Europe, one of the largest pan-European equity exchanges, subject 
to Financial Conduct Authority (FCA) listing approval. 

Launched in May 2021 to shape the future of digital asset management, Jacobi 
brings together decades of expertise from Banking, Regulation, and Fintech to 
shape the future of digital asset management by designing, issuing and managing 
institutional crypto products and funds connected to digital assets. 

Jacobi is spearheaded by CEO Jamie Khurshid, a former Goldman Sachs investment 
banker and pioneer of regulatory transparency in financial markets. Jamie was 
named by Financial News as one of the top 40 under 40 in European trading and 
technology and ranked in the 'Exchange invest' Top 1000 most influential people 
in global financial markets. He has appointed a team with extensive financial 
services, regulatory and crypto asset expertise.

CEO Jamie Khurshid said: "We are excited to be launching a new secure, 
transparent and accessible product to track the performance of Bitcoin. We are 
de-risking investments in crypto by removing the technology risk associated 
with the physical asset and the counterparty risk associated with traditional 
funds or tracker products that are unregulated leveraged debt instruments. We 
are proud to collaborate with Europe's leading regulated firms for a truly tier 
1 offering to service market demand, subject to the necessary regulated 
approval. This is an exciting moment for Europe as regulatory approval comes 
ahead of those waiting for a decision from the U.S. Securities and Exchange 
Commission." 

"The Jacobi Bitcoin ETF will finally bring digital assets wholly into the 
mainstream investment infrastructure with the support of the leading firms we 
are working with. It will provide investors with the opportunity to participate 
directly in physically-settled Bitcoin. This new ETF provides simple, secure, 
accessible investing into one of the world's most exciting asset classes via 
some of the world's leading regulated entities," commented Roy McGregor, 
Chairman of Jacobi Asset Management and former CEO of Credit Suisse Channel 
Islands.

Jacobi Bitcoin ETF investors will benefit from the security of Fidelity Digital 
Assets' enterprise-grade custody and execution services, designed to enable 
institutional investors to safely secure, trade and support investments in 
digital assets. Chris Tyrer, Head of Fidelity Digital AssetsSM in Europe, 
commented: "Greater diversity of investor interest has created significant 
demand for additional vehicles for exposure to help provide broader access to 
digital asset markets. While safekeeping of assets is a top priority for 
investors and asset managers in all asset classes, the highly technical nature 
of digital assets places even more emphasis on this and underscores the need 
for institutional-grade custody solutions like ours."

The Jacobi Bitcoin ETF was developed to meet regulatory standards by 
Christopher Jehan, Head of Fund Architecture and former Chair of the Guernsey 
Investment & Funds Association (GIFA). Christopher led the team at Midshore 
Consulting in designing the Fund with legal work performed by Collas Crill led 
by Partner Wayne Atkinson and Senior Associate Gareth Morgan.

Prior to FCA listing approval, Jacobi Bitcoin ETF investments will be 
facilitated through Sigma Asset Management (Guernsey) Limited ("Sigma"), the 
fund manager providing management and administration. Fund consultancy support 
will continue through Midshore Consulting. 

For further information visit Jacobiam.com

For enquiries about Jacobi Asset Management, please contact:
Geneva Loader
Jacobi Asset Management
Tel: +44 (0)3330 165 232
Email: Geneva@jacobiam.com

For media enquiries, please contact:
Vanessa Green
The Realization Group
Tel: +44 (0) 771 333 2303
Email: vanessa.green@therealizationgroup.com

Source: Jacobi Asset Management