$2B to flow into BlackRock’s UK Bitcoin ETF: How UK traders could recycle into IBIT

BlackRock’s iShares Bitcoin Trust (IBIT) has launched in the UK, potentially funneling between $1.5 billion and $2 billion into the fund as UK retail investors gain regulated access to Bitcoin exposure, following the FCA's reversal of its ban on crypto-based ETPs. The US-listed IBIT, which has seen massive inflows, is now accessible to British investors at about $11 per unit. Projections suggest that Bitcoin products in the UK could draw $1.93 billion to $2.6 billion, with IBIT likely capturing $1.5 billion to $2 billion due to its dominance in the US market. This launch simplifies access by allowing investors to buy regulated shares through familiar brokerage accounts, bypassing the need to manage private keys or buy whole coins. BlackRock anticipates significant growth, expecting a 21% increase in new UK crypto investors over the next year, supported by younger demographics interested in regulated, tax-efficient investment vehicles.

(Source：CryptoSlate)