Unlock the Editor’s Digest for free
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Are you frustrated that bitcoin is not available to buy through established UK investment institutions? Would you buy it if it were, or steer well clear?
As of this year, US investors can now purchase bitcoin via highly regulated products offered by reputable finance groups, rather than having to buy bitcoin directly on offshore crypto exchanges.
Unlike in the US, however, regulators in the UK have not approved bitcoin exchange traded funds, and believes crypto derivatives are “ill-suited” for retail consumers.
UK investors have watched as bitcoin rose to register an all-time high above $70,000 this month, surging from roughly $42,000 in January.
FT Money is asking readers whether they think bitcoin or other cryptocurrencies should take their place among their portfolio of conventional assets, or whether they regard them as unsafe homes for their cash. Should UK regulators be setting rules to help people access the market? Tell us what you think by writing, in confidence, to money@ft.com.
