Hi all, As lots of you probably know, the FCA has decided to ban the sale of crypto-derivatives and ETNs to UK retail investors from 2021. Will the Bitcoin ETP (BTCE) be impacted by this ban? And if so, does that mean we’ll be forced to sell this holding when the ban comes into place? I only disc…

$BTCE was actually added on the platform after the ban was announced, so I’m sure the T212 team did their due diligence. But you’re right - $BTCE is structured as an ETC (it’s collateralised with actual Bitcoin instead of using some return/swap agreement with a counterparty). This is what helps the…

Thanks both for your responses. I’ve actually checked directly with the fund managers (ETC Group) and the distributors (HanETF) and unfortunately both have said this ETP will be impacted by the ban. This is quite disappointing, however we can still buy into the ETP until 6 Jan 2021 and after that …

Oh - thanks for the heads up! Good to know.

Thank you for looking into this - real shame! Although as has been mentioned it did seem a bit too good to be true Kind of torn now as would like to load up before the ban and holding long term, but struggling to quantify how this may affect future performance of BTCE specifically. Any thoughts? W…

I don’t think the lack of UK trading can impact the price of the ETP itself as it’s 100% backed by real bitcoin, so by nature it should track it perfectly (anyone please correct me if I’m wrong here) Link to the product: https://www.hanetf.com/product/8/fund/btcetc-bitcoin-exchange-traded-crypto-b…

Thanks for this. Have read through the material on their website and you are indeed correct, this will continue to track bitcoin price regardless of U.K. exclusion - guess I should’ve done some more research! I do think this therefore represents a pretty fantastic opportunity to hold within an ISA …

Sorry to keep on with this one… Just wondered if anyone has confirmed whether Trading212 will support this functionality - the ability for us to continue to hold the shares, monitor the price and sell as we please just without the buy option? If not, would I be best to contact them in app about th…

Cheers for the update. This is frustrating as I set up a pie to AutoInvest into this over the next decade. Will just have to load up by end of year with a decent amount and then continue to buy real BTC on Coinbase Pro at al. FCA are so backwards, CFD, leverage and gambling is okay but oh no Bitcoi…

Hmmm … what about the investors outside UK? :thinking:

Will the Bitcoin ETP be impacted by the FCA's ban on crypto-derivatives in the UK?

🤝 Help

trader787 November 12, 2020, 11:17pm 3

this was my first question too when this got added, on the official website it says ISA is ok but I am suspicious of it as it’s almost too good to be true, I mentioned this here… I guess it’s ok for now but who knows what will happen in the future.

Topic		Replies	Views
Bitcoin ETP - BTCE post UK ban on Crypto 📬 Stocks & ETFs requests	4	3246	December 16, 2020
Bitcoin ETP quistion 🤝 Help	67	2595	January 6, 2021
Will Bitcoin ETNs be available from October 8 under UK? 🤝 Help	85	12993	October 28, 2025
Add Ethereum ETP 📬 Stocks & ETFs requests	19	2833	December 27, 2020
Add Ticker: BTCC 📬 Stocks & ETFs requests	11	750	February 21, 2021

Will the Bitcoin ETP be impacted by the FCA's ban on crypto-derivatives in the UK?

Related topics