Red letter day for crypto in UK tomorrow

via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/1oatdot/red_letter_day_for_crypto_in_uk_tomorrow/

Finally the long overdue day arrives tomorrow when general brokerage accounts (of at least a few brokers) will provide access to bitcoin and ethereum backed etps and allow a safe tradfi route for those who were so far too much on the fence. Not only does this open the route to tax wrappers (sipp / isa) but also provides one of the safest ways to gain exposure if you didn't want to go down the 'control your own keys' route.

I know that at least 21shares and Wisdomtree btc and eth etps are set to be opened for trading to Retail tomorrow with the rest soon following within days.

Top start with access will be provided by Interactive Investors, Trading212 and Saxobank with others likely to follow in due course.

While there has been concern that these products are etns rather than US style etps, such risks are largely overblown as the products are nonetheless fully backed

https://docs.londonstockexchange.com/sites/default/files/documents/crypto_etn_admission_factsheet.pdf

The reason for Europe and UK using this structure is down to UCITS regulation not allowing etfs with single or concentrated asset underlyings.

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### 英国加密货币的重大日子即将来临

明天,期待已久的日子终于到来了。在英国,多个主流经纪商将首次向投资者提供以比特币和以太坊为基础的交易所交易产品(ETP),这将为那些一直犹豫不决的投资者打开了一扇安全而可靠的传统金融投资通道。这不仅为投资者提供了税收优惠账户(例如SIPP/ISA)的机会,更是那些不愿意“自控钥匙”但又想获得加密资产曝光的投资者的一种最安全的方式。

根据最新消息,21Shares和WisdomTree的比特币和以太坊ETP将于明天正式开放零售交易,其他产品也将在接下来的几天内相继推出。最先提供访问的将是Interactive Investors、Trading212和Saxo Bank,随后其他平台也将带来类似的服务。

虽然市场上有一些人对这些产品是ETN而非美国风格的ETP感到担忧,但这种风险过于夸大。实际上,这些产品都是有充分的资产支持的,投资者可以放心交易。详细的产品信息可以在伦敦证券交易所的官方文件中找到。

欧洲和英国之所以采用这一结构,源于UCITS法规的限制,禁止以单一或集中资产为基础的ETF的发行。这使得ETN成为一种合规的选择,为希望通过加密资产投资的投资者提供了新的机会。

随着这个重要节点的来临,投资者将迎来更多的选择和更大的灵活性。未来,加密货币市场无疑将继续吸引更多的目光,推动传统金融与创新科技的深度融合。