The funds, included under Article 8 of the European Sustainable Finance Disclosure Regulation, “promote environmental and/or social characteristics.”
The first-ever spot Bitcoin exchange-traded fund 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 are those that “promote environmental and/or social characteristics.”that Jacobi Asset Management had classified its Jacobi FT Wilshire Bitcoin ETF as an Article 8 fund.
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.The report cites Martin Bednall, Jacobi’s CEO, who calls the ETF “fully decarbonized” for its partial investments in renewable energy certificates .
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