According to Kraken UK managing director Bivu Das, Bitcoin ETFs are a necessary complement in the UK.
Das explained during an interview at the Digital Assets Summit in London that since restrictions on these products were put in place in 2021, the world has changed significantly, so it is imperative that they come to the UK.
Furthermore, he said regulators' concerns around protecting retail investors are not as significant when investors do not own the actual asset.
Das has also highlighted the return potential of Bitcoin ETFs and how UK investors do not currently have access to them, leading them to turn to unregulated avenues of exposure.