Kraken UK General Manager: Hope to see Bitcoin ETF in the UK

Bivu Das, UK general manager of cryptocurrency trading platform Kraken, said, “Bitcoin ETFs should absolutely come to the UK. If anything, some of the regulator’s concerns about retail investor protection are somewhat mitigated because you don’t own The actual assets underneath it.” Das added that the Bitcoin ETF is an interesting product with substantial return potential that is not available to UK investors. He noted that this could lead to them going to unregulated venues to try to gain exposure, a situation that would not be ideal for the UK. “The UK has always stated that it wants to be a cryptocurrency hub. This could be one of the fundamental elements in achieving that definition,” he said.