Sygnum Bank's Chief Investment Officer, Fabian Dori, highlighted the UK's approval of Bitcoin Exchange Traded Products (ETPs) for retail users as a pivotal moment for institutional adoption. Dori emphasized that this move aligns the UK with the US and Europe in terms of crypto regulation, indicating a convergence between traditional finance and crypto-native firms on Bitcoin. This development follows BlackRock's recent launch of its iShares Bitcoin ETP on the London Stock Exchange, marking a significant step in the integration of cryptocurrency into mainstream financial markets.
UK Bitcoin ETP Approval Signals Institutional Adoption, Says Sygnum Bank CIO
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