Any plans to add this etf for those who want to add it to their portfolio?
1 Like
Hello! This ETF request has already been forwarded to our investment team, and they are looking into the possibility of adding this ETF to our DIY portfolio.
We can’t give any precise date for adding new funds at the moment, but we’ll post updates here and on social media whenever we do add new funds.
Hi cjbhdasiuyfi,
The iShares Bitcoin Trust (IBIT) ETF is a US-only product therefore it cannot be marketed to UK clients due to the absence of Key Investor Documents.
To complicate things further, in 2021 the FCA banned the sale of exchange-traded notes containing ‘unregulated transferable crypto assets’.
The FCA’s position remains firm and that crypto carries no inherent value, is wildly volatile and does not fulfil a financial planning need for investors.
Until this stance changes, there will be no products tracking the price of bitcoin traded on the London Stock Exchange available for retail clients.
For now and via ETFs, UK investors can allocate to Blockchain ETPs which offer exposure to companies related to the Blockchain and surrounding technologies.
1 Like