BlackRock has launched its iShares Bitcoin Trust in the UK as of October 20, providing investors with regulated access to Bitcoin exchange-traded funds (ETFs). This new fund allows UK investors to gain exposure to Bitcoin at approximately $11 per share through traditional brokerage platforms.
The introduction of BlackRock’s Bitcoin Trust follows the Financial Conduct Authority’s (FCA) reversal of its previous ban on crypto-based exchange-traded products. This regulatory shift has paved the way for greater adoption of cryptocurrency investment vehicles within the UK market.
Industry analysts anticipate that the UK could see around $2 billion flow into BlackRock’s Bitcoin ETF as a result of the FCA’s policy change, signaling strong investor interest.
The post $2B Set to Flow into BlackRock’s UK Bitcoin ETF After FCA Shift appeared first on CoinCentral.
https://coincentral.com/2b-set-to-flow-into-blackrocks-uk-bitcoin-etf-after-fca-shift/
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