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Kraken UK’s Managing Director, Bivu Das, strongly advocates for the introduction of Bitcoin ETFs in the United Kingdom. Speaking at the Digital Asset Summit in London, Das highlighted the global financial landscape’s evolution since 2021, suggesting that the introduction of Bitcoin ETFs could address regulatory concerns by offering a safer investment alternative to directly purchasing cryptocurrencies. This move could potentially unlock significant returns for UK investors, who are currently forced to seek unregulated avenues for cryptocurrency exposure. Das emphasized that embracing Bitcoin ETFs is crucial for the UK’s ambition to become a leading crypto hub, especially considering the recent approval of crypto exchange-traded notes exclusively for institutional investors, contrasting with the broader accessibility of Bitcoin ETFs in the U.S. Supporting this viewpoint, Coinbase UK CEO Daniel Seifert also endorsed the diversification of investment options, indicating a strong industry consensus on the matter.
