The firm’s official announcement noted that the new fund is called the Jacobi Bitcoin ETF and will trade under the ticker BCOIN

he product will allow investors to gain indirect exposure to the performance of Bitcoin.

Jacobi said it partnered with other firms, including Flow Traders and Fidelity Digital Assets,

the crypto arm of leading asset management company

the crypto arm of leading asset management company

Fidelity Digital Assets will provide custodial services, while Flow Traders

a leading global market maker and proprietary trading firm

Upon launch, the Jacobi Bitcoin ETF will become Europe’s Bitcoin exchange-traded fund