Odaily Planet Daily reports that 21Shares, Bitwise, and WisdomTree have opened up Bitcoin and Ethereum exchange-traded products (ETPs) to UK retail investors for the first time after receiving approval from the UK Financial Conduct Authority (FCA). This move comes just 12 days after the FCA officially lifted its four-year retail ban on crypto ETNs.

21Shares has launched two physically-backed Bitcoin and Ethereum ETPs on the London Stock Exchange (LSE). The Ethereum ETP includes a staking yield feature and charges a low fee of 0.1% on selected products. WisdomTree also offers its physically-backed Bitcoin and Ethereum ETPs, with fees of 0.15% and 0.35%, respectively. Bitwise will launch similar products on Tuesday and will reduce the fee on its Core Bitcoin ETP to 0.05% for the first six months.

Additionally, BlackRock has listed its iShares Bitcoin ETP on the LSE. This move by the FCA means UK retail investors can now purchase crypto ETPs through regulated brokerages and investment platforms, further aligning the UK market with regions like the US, Canada, Hong Kong, and the EU. The regulator expects to complete a comprehensive crypto regulatory framework by 2026, encompassing stablecoins, trading platforms, lending, staking, and custody. (The Block)