Kingdom

United

Bitcoin

Spot

<ul>
 <li>Das highlighted that these products are intriguing and might provide respectable returns.&nbsp;</li>
 <li>Daniel Seifert, CEO of Coinbase UK, seems to agree with Das over ETFs in the UK.</li>
</ul>
<a href="https://thenewscrypto.com/crypto-exchange-kraken-files-motion-to-dismiss-u-s-sec-lawsuit/" target="_blank" rel="noopener noreferrer nofollow">Kraken</a> UK Managing Director Bivu Das said that Bitcoin ETFs should “absolutely” be introduced to the UK. Das said that a lot has happened since the UK banned such products in 2021 during an interview at the <a href="https://digitalpoundfoundation.com/event/digital-asset-summit-2024-london/" target="_blank" rel="noopener noreferrer nofollow">London Digital Asset Summit</a>.
Das stated:
<blockquote class="wp-block-quote">
 “And if anything, some of those concerns that the regulators have around protection for retail investors are minimized to some extent if you’re not owning the actual asset underneath it.”
</blockquote>
<h3 class="wp-block-heading" id="h-eyeing-to-be-a-crypto-hub">Eyeing To Be a Crypto Hub</h3>
While investors in the United Kingdom do not have access to <a href="https://thenewscrypto.com/argentina-sees-surge-in-bitcoin-demand-amidst-peso-collapse/" target="_blank" rel="noopener noreferrer nofollow">bitcoin</a> ETFs, Das highlighted that these products are intriguing and might provide respectable returns. This, he warned, might lead them to unlicensed places in their pursuit of visibility, which would be bad for the UK.&nbsp;
He further added:
<blockquote class="wp-block-quote">
 “The UK has always said it wants to be a crypto hub. And this is one of the basic fundamentals potentially for meeting that definition.”
</blockquote>
Although cryptocurrency exchange-traded notes were recently greenlit for debut in the UK, individual investors will not have access to them. In contrast, any American citizen may buy bitcoin ETFs.
Regarding the introduction of bitcoin ETFs, Das mentioned the rapid adoption of the products and their favorable impact on customers. He elaborated by saying that they have helped establish bitcoin’s credibility among financial institutions.
Daniel Seifert, CEO of <a href="http://coinbase.com" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a> UK, seems to agree with Das that ETFs would be a good addition to the UK market. In response to a question on whether he would support the introduction of bitcoin exchange-traded funds (ETFs) to the UK market, Seifert said in a recent interview that he thinks customers should have more options.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/ripplex-warns-users-about-technical-issue-in-xrp-ledgers-amm-pools/" target="_blank" rel="noopener noreferrer nofollow">RippleX Warns Users About Technical Issue in XRP Ledger’s AMM Pools</a>

Top Executives Voice Support for Spot Bitcoin ETFs in the UK

Tabla de contenidos

TheNewsCrypto

Otros artículos publicados el 25 mar 2024

Act Fast: Under 50% of Algotech (ALGT) Tokens Remain as Price Poised to Soar to $0.08

Analysts Weigh In on Bitcoin’s Price Movements

DigiFT Launches Blockchain-Based US Treasury Bond Tokens

Maker’s MKR Token Climbs Nearly 10% as Market Indicators Turn Bullish

Will the rise in Bitcoin, which started the week strong, continue? Experienced Analyst Says "Yes"...

Cryptocurrency Filecoin's Price Increased More Than 8% Within 24 hours

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!