A big week for the UK market.
We officially mark the end of the FCA's retail ban on UK-listed ETPs offering exposure to Bitcoin and Ethereum, a major milestone for UK investors and the broader digital-asset industry.
If you're wondering why no products have appeared on the LSE yet, it's simply because the FCA hasn't finished their review of issuer prospectuses. That means no issuer's review has been completed, not #Bitwise, not anyone.
The LSE has also confirmed that no issuer has yet received approval, so we're all aligned and waiting.
While the delay is unfortunate, it reflects how significant and closely scrutinised this next chapter will be. The UK is taking its first real step toward regulated retail access to Bitcoin and Ethereum, and we're proud to be leading from the front.
Stay tuned. We're hopeful listings will begin as early as next week.
------------------------------
Ray Dillet
Head of Financial Institutions
------------------------------