UK’s Bitcoin ETP Approval Signals Growing Institutional Interest, Says Sygnum Bank CIO
The UK Financial Conduct Authority’s (FCA) approval of Bitcoin ETPs for retail investors marks a meaningful step toward institutional adoption of the cryptocurrency, according to Fabian Dori, CIO of Sygnum Bank. This move aligns the UK with the US and EU in terms of crypto regulation.
On October 20, the FCA lifted its ban on retail Bitcoin investments. This change prompted major institutions like BlackRock to launch its iShares Bitcoin ETP on the London Stock Exchange. Dori notes that both customary financial firms and crypto-native companies are now sponsoring these ETPs.
“this indicates a clear shift in policy, with regulators maintaining control through strict requirements,” dori explained. The UK is not rushing into deregulation but is carefully monitoring risks and following global trends.
Looking ahead,Dori believes more steps will be taken to make Bitcoin accessible to investors. In the US, additional etps beyond Bitcoin and Ethereum are in the preparatory stages. Traditional managers are also expanding their digital asset footprint.
“The US is leading the way in pro-crypto financial regulation, with various firms exploring tokenized securities,” Dori added. This suggests a promising future for Bitcoin’s integration into mainstream finance.
