The recent approval of Bitcoin spot Exchange-Traded Funds (ETFs) by the United States Securities and Exchange Commission (SEC) on January 10, has triggered an intense debate in the UK Bitcoin scene and caused a surge in investment activity in the country. The approval has prompted industry leaders to voice for similar measures from the UK’s Financial Conduct Authority (FCA).

UK Bitcoin Scene: A Potential Shift

Notably, the FCA had imposed a ban on the retail sale of digital asset-derivative products, including Exchange-Traded Products (ETPs) backed by bitcoin, in 2021.

However, the influx of billions into US Bitcoin ETFs underscores the growing demand for these products, potentially…

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