Bitcoin

BlackRock

<h2 id="key-points">Key Points</h2>
<ul>
 <li>The upcoming availability of crypto exchange-traded notes (ETNs) is a positive development for the UK.</li>
 <li>The launch of Bitcoin ETFs in the U.S. is a monumental milestone for the cryptocurrency industry.</li>
</ul>
<p>Daniel Seifert, CEO of Coinbase UK, has expressed his positive outlook on the introduction of crypto exchange-traded notes (ETNs) in the UK.</p>
<p>He had previously discussed the potential of crypto ETNs with the UK’s Economic Secretary to the Treasury, Bim Afolami, highlighting their potential benefits for the industry and the UK’s position as a crypto hub.</p>
<h2 id="etns-a-validation-for-the-uk">ETNs: A Validation for the UK</h2>
<p>The UK’s Financial Conduct Authority has given the green light for these ETNs, but only for institutional investors. Seifert sees this as a validation for the UK’s strategy and a positive sign for the future.</p>
<h2 id="bitcoin-etfs-a-monumental-milestone">Bitcoin ETFs: A Monumental Milestone</h2>
<p>Seifert’s enthusiasm extends to the launch of <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs in the U.S., which he considers a monumental milestone for the cryptocurrency industry. He noted that the Bitcoin ETFs have led to an influx of institutional capital, providing traditional investors with a new entry point into the crypto ecosystem.</p>
<p>This trend is expected to continue with the potential introduction of more such products and asset managers like BlackRock and Fidelity now discussing Bitcoin ETFs with their customers.</p>
<p>When asked about the possibility of Bitcoin ETFs in the UK, Seifert responded positively, stating that more choices for consumers are always beneficial.</p>

Coinbase UK CEO Hails US Bitcoin ETFs as Historic Milestone, Views UK ETNs Positively

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