Fidelity Crypto Finally Allows Users to Send and Receive Bitcoin as UK ETP Gains Regulatory Approval
Constancy Crypto now permits clients to withdraw Bitcoin and different crypto to exterior wallets, over 2 years after launching its retail platform.
This move offers customers full self‑custody management whereas bridging conventional brokerage providers and permissionless wallets.
Constancy additionally took a significant step towards mainstream crypto adoption by making its Physical Bitcoin ETP — launched in February 2022 and now listed on a number of European exchanges—accessible to UK retail purchasers for the primary time after the FCA lifted the ban on retail crypto ETPs.
The agency’s Constancy Bodily Bitcoin ETP turns into the primary crypto asset accessible to Constancy’s suggested platform purchasers from in the present day, with further merchandise deliberate within the coming weeks.
The transfer comes after the UK’s Monetary Conduct Authority (FCA) relaxed its stance on cryptocurrency, lifting its ban on crypto exchange-traded merchandise (ETPs) for retail buyers on 8 October.
NEW: Constancy crypto now permits clients to ship #Bitcoin off the platform to their very own wallets
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— Bitcoin Journal (@BitcoinMagazine) November 3, 2025
The regulatory shift opens the door for established asset managers like Constancy, BlackRock, and WisdomTree to supply crypto publicity to a broader viewers by way of regulated channels.
In mid October, BlackRock listed its iShares Bitcoin Alternate-Traded Product (ETP), ticker IB1T, on the London Inventory Alternate. The ETP is totally bodily backed, with all Bitcoin held securely by way of Coinbase custody.
Processional-grade Bitcoin entry
Dennis Pellerito, head of UK wholesale at Constancy Worldwide, highlighted the importance for retail buyers: “Till now, many retail buyers have been restricted to much less safe, unregulated channels or oblique exposures corresponding to proxy shares. We’re happy to supply our institutional-grade ETP to retail buyers for the primary time.”
He emphasised that the ETP supplies high-quality, professional-grade entry to Bitcoin in a easy and safe format.
The Constancy Bodily Bitcoin ETP, initially launched in February 2022 and listed on the Deutsche Börse Xetra, SIX Swiss Alternate, and London Inventory Alternate, tracks the worth motion of Bitcoin and is designed to be each cost-effective and handy.
Constancy lately diminished the continuing expenses determine (OCF) to 0.25%, reflecting the agency’s give attention to making institutional-grade merchandise extra accessible to retail purchasers.
Constancy Worldwide stated further crypto belongings could also be added over time, topic to straightforward due diligence and consumer demand, and that it continues to discover methods to broaden entry to crypto for shoppers.
The agency nonetheless inspired buyers to conduct thorough analysis earlier than getting into the digital asset area, together with cryptocurrencies like Bitcoin or some other asset.
This publish Fidelity Crypto Finally Allows Users to Send and Receive Bitcoin as UK ETP Gains Regulatory Approval first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
