The Block Crypto News8 minutes ago

Published on March 23, 2024 11:46 GMT+00:00edited on March 23, 2024 11:49 GMT+00:00

Bitcoin ETFs should "absolutely" come to the UK, according to Kraken UK Managing Director Bivu Das.

In an interview at the Digital Asset Summit in London, Das explained that the world has changed significantly since such products were restricted in the UK in 2021. "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."

Das added that bitcoin ETFs are an interesting product with the potential for decent returns that UK investors cannot access. He noted that this potentially sends them to unregulated venues to try to get exposure, something he said isn't great for the UK. "The UK has always said it wants to be a crypto hub. And this is one of the basic …