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Will a bitcoin ETF ever reach Europe?

Regulatory hurdles mean spot bitcoin ETFs are unlikely to be launched on the continent

By David Ricketts
'Although even with the SEC approval, it isn’t a slam dunk that we will get one in the UK'
'Although even with the SEC approval, it isn’t a slam dunk that we will get one in the UK' Photo: Getty Images

For a cohort of heavyweight US fund houses, the long wait is over. The Securities and Exchange Commission has approved ETFs that offer retail investors exposure to the world’s largest cryptocurrency.

On 10 January, the SEC gave the green light for 11 spot bitcoin ETFs to begin trading. Investment houses including BlackRock, Fidelity Investments, Ark Invest, Invesco and Franklin Templeton can now roll out regulated products that provide everyday investors direct exposure to the digital currency, rather than via funds investing in bitcoin futures.

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