Will Bitcoin ETNs be available from October 8 under UK?

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24

Here’s an article…

The key point is “certain types of crypto assets”.

25

@RLX this news may be relevant - iShares Bitcoin ETP XS2940466316

26

Where is the relevance, the launch in UK stock exchange? :wink:

It’s a Bitcoin ETP like so many in Europe. BlackRock already launched this Bitcoin ETP version (XS2940466316) of their US-domiciled Bitcoin ETF in Europe a couple months ago:

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I was responding to where you said IBIT US domiciled so not allowed. The relevance is being able to buy iShares Bitcoin on LSE whatever TIDM they use, IBIT or IB1T or similar. When FCA lifts ban for UK (which is the topic of this discussion), UK people can optimally buy the UK listing on LSE not the German one in Euros.

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The US-domiciled ETFs are still not allowed in Europe. Some asset management firms have launched their versions as ETFs, ETNs and ETCs in Europe, but they are different investment vehicles and with different TER.

The FCA stance on crypto ETNs also affected the non-UK resident customers in T212 UK platform that wish to buy crypto ETNs in other currencies besides the GBP. In this moment, European customers (ex-UK) that are in T212 UK platform aren’t able to buy crypto ETNs in EUR or USD or CHF, that are only available in several stock exchanges (Xetra, Euronext Paris, Euronext Netherlands, SIX Swiss). So it’s relevant all currencies-denominated crypto ETNs and the stock exchanges where they are listed.

29

Yes the linked article from BlackRock specifically says they will look to list the iShares Bitcoin ETP on the London Stock Exchange (LSE). So its not going to be the US-domiciled ETF.

Out of interest, why do non-UK residents from Europe use the T212 UK platform? Ideally the focus of T212 UK will be on providing services for UK residents.

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As a non-resident: if you have the account before Brexit you remained on the UK entity, to migrate to Cyprus one would need to liquidate all positions, close the account and re-open a new one. Not ideal.

Also a difference is the cash protection, £85k for UK and €20k for EU.

31

Wow I thought in EU the DGSD scheme was Eur 100k, better than the UK FSCS scheme.

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So, now the app is asking you the questions around using crypto ETN’s do you have anything to share yet?

33

What about the LSE Bitcoin ETFs?

Will these be available from 08/10/2025? (for UK accounts)

(These are traded in LSE and in GBP currency)

WisdomTree Physical Bitcoin (WXBT)

Global X Bitcoin ETP (BTCX)

CoinShares Physical Bitcoin (BITP)

21Shares Bitcoin Core ETP (CBTC)

Currently these are visible as View-only

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Has anyone found a list of what’s available yet, looking to review how they grant exposure, tracking error and fees :upside_down_face:

CBTC 0.2% OCF Full replication
BITP 0.25% OCF Full replication
BTCX 0.65> OCF Full replication

35

From my research, TER and AUM considered, the best options currently are:

  • WBTC - WisdomTree Physical Bitcoin (0.15% TER)
  • 21BC - 21Shares Bitcoin Core (0.10% TER)

Physically backed. They performed the best out of all the other ETPs I compared with.

But it’s October 8th and they are still “View-only”… Veselin.V any updates here? Thanks!

36

Is 21BC listed on a U.K. recognised exchange though?

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Is there a list of BTC ETNs we can buy anywhere please? Everything on view only even though i passed the Crypto test about a week ago

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Are they available today 8th October? Please advise when they will be available?

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The ban by the FCA was lifted from today, but I guess it could take some more time for LSE listings to be put into place and live for trading.

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Also keen to have some kind of update from Trading212 as to when these or other BTC ETNs will go live and not just be “view only”.

Was hoping it would be today, but doesn’t l look like it willbe.

41

Looks like it might not be 212 delaying things. I can’t find on the ETN official websites that they’re “registered for sale” in the U.K. yet :man_shrugging:

42

Sounds like maybe LSE are the delay here then….

Just very odd given these ETNs were already listed on LSE a good few years back (from what I understand). So was expecting/hoping the go live date would be today for those already listed.

Understandably will take longer for things like IB1T to be newly listed on LSE (as I have seen BlackRock/iShares are rumoured to be doing).

I guess we just wait out for now.

It’s like the world’s best kept secret or something haha.

Cheers.

43

I also asked Grok, who says:

”The UK’s Financial Conduct Authority (FCA) lifted its ban on retail access to cryptocurrency exchange-traded notes (ETNs)—including those tracking Bitcoin—effective today, October 8, 2025. However, this doesn’t mean immediate trading availability across all platforms. ETN issuers must first submit updated prospectuses to the FCA reflecting the new retail eligibility rules, a process that can take several business days. As a result, the earliest possible trading date for these products is October 13, 2025, assuming prompt approvals.”