BlackRock’s UK Bitcoin exchange-traded product (ETP) has begun trading in London following the Financial Conduct Authority’s (FCA) relaxation of its crypto restrictions. This development marks a significant shift in the regulatory landscape for cryptocurrency investment in the UK. The FCA’s easing of the ban allows for greater participation in the crypto market, potentially attracting more institutional and retail investors. BlackRock’s entry into the UK market with its Bitcoin ETP is seen as a response to the growing demand for cryptocurrency investment options. The launch of this product is expected to enhance the accessibility of Bitcoin for UK investors, providing them with a regulated avenue to invest in the cryptocurrency.
