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The Fintech Files: A UK firm might be the real winner from the US bitcoin ETF approval

Your guide to the week’s biggest fintech stories

Samara Cohen, chief investment officer of ETF and index investments at Blackrock, rings the opening bell as bitcoin spot ETFs are launched on the Nasdaq Exchange on 11 January
Samara Cohen, chief investment officer of ETF and index investments at Blackrock, rings the opening bell as bitcoin spot ETFs are launched on the Nasdaq Exchange on 11 January Photo: Stephanie Keith/Getty Images

When the US Securities and Exchange Commission approved 11 spot bitcoin ETF applications on 10 January, including from BlackRock and Fidelity, many called it a watershed moment for the US crypto industry, which has been battling with regulators for its survival.

While major US firms are set to benefit from rising demand, few expected a London-based firm with just 30 staff to emerge as another one of the winners.

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