Bitcoin, Ethereum Bounce 2% As UK Lifts Crypto ETF Ban
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are up on Monday after the U.K.’s Financial Conduct Authority lifted its four-year retail ban on crypto exchange-traded notes, allowing 21Shares, Bitwise, and WisdomTree to open access to British investors.
FCA Opens Doors To Retail Investors
The move marks a milestone for U.K. digital asset regulation, expanding access to physically backed Bitcoin and Ethereum exchange-traded products (ETPs) beyond institutional buyers.
Asset managers 21Shares, Bitwise, and WisdomTree all listed their crypto ETPs on the London Stock Exchange, while BlackRock (NYSE:BLK) followed suit with its iShares Bitcoin ETP, according to the Financial Times.
The FCA’s approval allows investors to gain exposure through regulated brokerage accounts and tax-efficient vehicles such as ISAs and SIPPs.
“Today’s launch represents a landmark step for the U.K. market and for everyday investors who, for years, …
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