Kingdom

United

Bitcoin

Spot

<ul>
 <li>Das highlighted that these products are intriguing and might provide respectable returns.&nbsp;</li>
 <li>Daniel Seifert, CEO of Coinbase UK, seems to agree with Das over ETFs in the UK.</li>
</ul>
<a href="https://thenewscrypto.com/crypto-exchange-kraken-files-motion-to-dismiss-u-s-sec-lawsuit/" target="_blank" rel="noopener noreferrer nofollow">Kraken</a> UK Managing Director Bivu Das said that Bitcoin ETFs should “absolutely” be introduced to the UK. Das said that a lot has happened since the UK banned such products in 2021 during an interview at the <a href="https://digitalpoundfoundation.com/event/digital-asset-summit-2024-london/" target="_blank" rel="noopener noreferrer nofollow">London Digital Asset Summit</a>.
Das stated:
<blockquote class="wp-block-quote">
 “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.”
</blockquote>
<h3 class="wp-block-heading" id="h-eyeing-to-be-a-crypto-hub">Eyeing To Be a Crypto Hub</h3>
While investors in the United Kingdom do not have access to <a href="https://thenewscrypto.com/argentina-sees-surge-in-bitcoin-demand-amidst-peso-collapse/" target="_blank" rel="noopener noreferrer nofollow">bitcoin</a> ETFs, Das highlighted that these products are intriguing and might provide respectable returns. This, he warned, might lead them to unlicensed places in their pursuit of visibility, which would be bad for the UK.&nbsp;
He further added:
<blockquote class="wp-block-quote">
 “The UK has always said it wants to be a crypto hub. And this is one of the basic fundamentals potentially for meeting that definition.”
</blockquote>
Although cryptocurrency exchange-traded notes were recently greenlit for debut in the UK, individual investors will not have access to them. In contrast, any American citizen may buy bitcoin ETFs.
Regarding the introduction of bitcoin ETFs, Das mentioned the rapid adoption of the products and their favorable impact on customers. He elaborated by saying that they have helped establish bitcoin’s credibility among financial institutions.
Daniel Seifert, CEO of <a href="http://coinbase.com" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a> UK, seems to agree with Das that ETFs would be a good addition to the UK market. In response to a question on whether he would support the introduction of bitcoin exchange-traded funds (ETFs) to the UK market, Seifert said in a recent interview that he thinks customers should have more options.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/ripplex-warns-users-about-technical-issue-in-xrp-ledgers-amm-pools/" target="_blank" rel="noopener noreferrer nofollow">RippleX Warns Users About Technical Issue in XRP Ledger’s AMM Pools</a>

Top Executives Voice Support for Spot Bitcoin ETFs in the UK

Mục lục

TheNewsCrypto

Các bài viết khác được xuất bản trên 25 thg 3, 2024

Reasons Why Celestia (TIA) and Raboo (RABT) Might Surpass Other Contenders in Ethereum’s L2 Market

California Leads in Responsible AI Procurement Overhaul

Bitcoin Approaches Record Highs Amid Mixed Market Feelings

Bitoro Introduces the First-Ever DEX for Aggregated Perpetual Futures Tradings

PINK Memecoin Launches on Polkadot

Crypto Shockwave: Nearly $1 Billion Vanishes From Global Funds In Historic Outflow

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!