Ripple CBDC Advisor Applauds Europe’s Newest Bitcoin Spot ETF

Europe welcomes the pioneering Jacobi Bitcoin ETF, offering direct access to the digital realm, while the U.S. awaits its turn.

Kid pointing at Bitcoin ETF, in between two buildings that look identical.
Created by Kornelija Poderskytė from DailyCoin
  • Ripple’s CBDC advisor has enthusiastically embraced the landmark debut of a pioneering Bitcoin spot ETF in Europe.
  • An emerging Bitcoin spot ETF has transformed investment landscapes in Europe.
  • Anticipation has been mounting as the U.S. awaits its own Bitcoin spot ETF amidst regulatory delays.

Ripple’s Central Banking Digital Currency (CBDC) advisor, Anthony Welfare, has expressed enthusiasm for the debut of a fresh Bitcoin spot exchange-traded fund (ETF) within the European landscape. The Jacobi Bitcoin ETF has commenced trading on the Euronext Amsterdam stock exchange.

Jacobi Asset Management Launches Europe’s First Spot Bitcoin ETF

After nearly two years since securing approval, London-headquartered Jacobi Asset Management has successfully enlisted Europe’s inaugural spot Bitcoin ETF on Euronext Amsterdam. This innovative financial instrument, underpinned by actual Bitcoin holdings, directly links investors to the digital asset.


The launch of the spot Bitcoin ETF represents a substantial stride for Europe, especially because American regulators have yet to grant their endorsement for several analogous spot Bitcoin ETF propositions, including those put forth by BlackRock and Fidelity.

US in Suspense as Bitcoin Spot ETF Decision Looms

Responding to the announcement of the Bitcoin Spot ETF’s introduction, John Deaton, an attorney and XRP holder, as well as the founder of CryptoLaw, quipped, “Meanwhile, on the other side of the pond…” The United States finds itself in anticipation as it awaits the green light for its own Bitcoin spot ETF. 

The U.S. Securities and Exchange Commission has chosen to postpone its assessment of the ARK 21Shares Bitcoin ETF proposal, fostering a sense of suspense within the cryptocurrency industry for the launch of a spot-Bitcoin ETF. 

Come September, a review of additional applications is set to transpire. Cathie Wood, CEO and CIO of ARK Investment Management holds a positive outlook, envisioning the simultaneous approval of numerous spot Bitcoin ETFs by the U.S. Securities and Exchange Commission. 

On the Flipside

  • The ease of trading through an ETF might lead investors to overlook the importance of understanding the underlying technology and market dynamics of Bitcoin.
  • A surge in accepted ETFs could amplify market volatility and expose investors to higher risks, especially in a nascent and evolving cryptocurrency ecosystem.

Why This Matters

The inception of Europe’s premier spot Bitcoin ETF signals a pivotal milestone in the global financial landscape. As institutional interest in cryptocurrency gains momentum, the launch sets a precedent for widespread acceptance of Bitcoin as a legitimate asset class.


To learn more about how Ripple and Amazon are poised to revolutionize online trade using XRP, delve into the details here: 

Will Ripple and Amazon Web Services Transform Online Trade with XRP?

For insights into the forward-looking stablecoin regulations recently finalized by MAS, ensuring Singapore’s readiness for the future, explore further: 

MAS Finalises Stablecoin Regulations for Future-Ready Singapore

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Kyle Calvert

Kyle Calvert is a cryptocurrency news reporter for DailyCoin, specializing in Ripple, stablecoins, as well as price and market analysis news. Before his current role, Kyle worked as a student researcher in the cryptocurrency industry, gaining an understanding of how digital currencies work, their potential uses, and their impact on the economy and society. He completed his Masters and Honors degrees in Blockchain Technology within Esports and Business and Event management within Esports at Staffordshire University.