Bitcoin ETFs unlikely to come to the UK anytime soon...!

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While consumers in the U.S. now have much easier access to BTC via the newly approved BTC Exchange Traded Funds (ETFs) U.K. consumers may have to wait a while to be able to participate.

Strict new rules introduced by the Financial Conduct Authority back in 2022 mean that firms cannot simply cut and paste the U.S. ETFs for the U.K. market, they simply wouldn't be approved because they lack sufficient documentation to pass the FCA's consumer protection tests.

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Under these rules any firm offering an investment product needs to make sure they are delivering good outcomes for their customers across four dimensions....

  • products and services
  • price and value
  • consumer understanding
  • consumer support

You can see why firms may struggle to get approval for BTC funds given the above criteria... the FCA regards the 'product' BTC as a bit shady, linked to criminal activities, the price is volatile, so it's not going to be clear year on year that value is being delivered, but the real rub is consumer understanding.... making sure consumers understand what they are investing in!

I'm not even sure what compliant documentation would look like, but based on the above rules investment firms have been pulling funds which involve exposure to risker stocks, for example, let alone trying to introduce new ones which include crypto.

Time for the UK to wake up...?

An estimated 5 million Britons already hold crypto assets, and Rishi Sunak apparently wants to the UK to be a global crypto hub, but the FCA seems to want to take us the opposite direction.

This just seems to be another way in which the U.K. is falling behind!!!

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Meh, the UK is financially ruined anyway :D

Also give it one single bull market in which Blackrock, Fidelity, and MSTR are making money hand over foot... and then see what happens. I guarantee they FOMO in at the top of the market in 2025... will be a great top signal.

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Oh Yes UK is fucked, I'm trying think of a the best strategy for making money out of a country in slow decline....

I'm thinking Nail bars, dog grooming and coffee shops.... and other such things... the kind of little cheap treats people are gonna cling to as life gets worse, should do well on such things!

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I feel it's only a matter of time for the UK government to adjust to this Btc ETF policy , FOMO is really a thing and I'm sure it will unavoidably come into play eventually. Time flies so lets keep our fingers crossed as well!

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It is true that we have entered the boom market and within a short period of time we will see Ethereum's ETF and all the other things we see getting approved in the same way that these things will be crypto. So it will be very good.

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