Why the FCA’s Hesitation on Crypto ETPs Is a $1T Missed Opportunity | Opinion

The UK's Financial Conduct Authority is playing catch-up—while the crypto train leaves the station.

Regulatory whiplash: London risks becoming a backwater as EU and US markets lap up institutional crypto demand.

ETP adoption isn't coming. It's here. And traditional finance's 'wait-and-see' approach looks more like 'miss-and-weep.'

Bonus jab: Meanwhile, your pension fund still invests in 18th-century canal bonds.

Ray Dillet is the Head of Financial Institutions at Bitwise. He brings over 15 years of professional experience as an Alternatives specialist, holding senior business development and strategy roles at Deutsche Bank, PGIM, and (Lyxor) Amundi, where he partnered with some of the most well-regarded Hedge Funds globally. He also co-founded Bridge Partners, a boutique advisory and asset management firm that employs a strategic and thesis-driven approach to digital asset investing. Prior to this, he spent several years in the British Army and Security Services, first encountering bitcoin in 2011 whilst working at the National Cyber Security Centre (GCHQ), and he has been actively investing in digital assets since 2017.