From Morningstar:

The US SEC has approved 11 spot Bitcoin ETFs, marking a significant moment for the cryptocurrency industry. A spot ETF primarily holds the actual cryptocurrency itself, directly tied to the real-time market price of Bitcoin and mirroring its performance. In Europe, countries like Switzerland, Germany, and France have taken a lead in the crypto ETP market. UK regulations restrict offering derivatives or exchange traded products tied to specific crypto assets to retail consumers. Investors should exercise caution and carefully evaluate the suitability of crypto ETPs within their portfolios due to the volatility of the crypto markets.



Read more: What Does the Spot Bitcoin ETF Mean for UK Investors?