The FCA’s ban on #Bitcoin ETFs is inconsistent and overly cautious, especially when compared to its approval of other high-risk investments like AIM stocks and leveraged ETFs. If the FCA's primary concern were true investor protection, it would either apply stricter rules across all high-risk assets or allow Bitcoin ETFs within a regulated framework.
At its core, the FCA’s stance appears less about risk management and more about controlling Bitcoin’s financial integration, even if that means contradicting global financial trends and harming UK investors.