Leading asset managers 21Shares, Bitwise, and WisdomTree have begun offering their spot Bitcoin and Ethereum exchange-traded products (ETPs) to retail investors.
This move follows the Financial Conduct Authority's (FCA) decision to lift a four-year ban on crypto exchange-traded notes for the general public.
The launch opens up direct, regulated access to the two largest cryptocurrencies for UK retail investors for the first time, surpassing previous offerings that were only available to institutions.
21Shares took the lead by listing two physically backed ETPs on the London Stock Exchange on Monday.
WisdomTree has also launched its physically backed Bitcoin and Ethereum ETPs, with fees set at 0.15% and 0.35%, respectively.
Bitwise also announced that it would list its Bitcoin and Ethereum ETPs on the London Stock Exchange on Tuesday.