Bitcoin Exchange-Traded Funds (ETFs) are a complex topic in the UK due to stringent regulations. The Financial Conduct Authority (FCA) has taken a cautious stance on crypto-related investment products.
As of August 2025, spot Bitcoin ETFs, which directly hold Bitcoin and track its real-time price, are not approved for retail investors in the UK. The FCA banned the sale of crypto-linked exchange-traded notes (ETNs) to retail investors in 2021, citing high volatility, lack of inherent value, and risks of financial crime.
However, professional and institutional investors can access certain crypto Exchange-Traded Products (ETPs) listed on the London Stock Exchange (LSE), such as those launched by WisdomTree and 21Shares in May 2024 https://www.wisdomtree.eu/, https://21shares.com/. These ETPs are physically backed by Bitcoin or Ethereum but are restricted to qualified investors.
Retail investors can still gain indirect exposure through ETFs that invest in blockchain technology or crypto-related companies.
These funds are available on traditional exchanges and comply with the UCITS directive, which requires diversification, unlike single-asset Bitcoin ETFs. The regulatory landscape may evolve, but for now, UK retail investors must explore alternatives to direct Bitcoin ETFs.
Top 8 Bitcoin ETF Alternatives in the UKFor UK investors seeking crypto exposure, several ETFs focus on blockchain technology and crypto-related companies.
Below are eight top options available as of August 2025, offering diversified exposure to the crypto ecosystem without directly holding Bitcoin.iShares Blockchain Technology UCITS ETF (BLKC)The iShares Blockchain Technology UCITS ETF (BLKC), managed by BlackRock, tracks the NYSE FactSet Global Blockchain Technologies Index, investing in companies involved in blockchain development, crypto mining, and related services.
With assets under management (AUM) of approximately $300 million, it includes firms like Coinbase and MicroStrategy.
Its expense ratio is around 0.50%, making it a cost-effective option for UK investors. BLKC is available through FCA-regulated brokers like Interactive Brokers https://www.interactivebrokers.co.uk/. This ETF suits investors seeking broad exposure to blockchain innovation.Global X Blockchain ETF (BKCH)The Global X Blockchain ETF (BKCH) focuses on companies driving blockchain adoption, such as crypto exchanges, miners, and tech firms.
With an AUM of about $150 million and an expense ratio of 0.50%, it offers diversified exposure to global blockchain leaders.
BKCH is accessible via platforms like Hargreaves Lansdown https://www.hl.co.uk/. Its holdings include companies like Bitfarms and Galaxy Digital, appealing to investors interested in the broader crypto economy.
Bitwise Crypto Industry Innovators ETF (BITQ)The Bitwise Crypto Industry Innovators ETF (BITQ) tracks an index of companies heavily involved in crypto, with at least 85% of revenue derived from crypto-related activities.
It has an AUM of roughly $100 million and an expense ratio of 0.85%. Key holdings include Coinbase and Riot Platforms.
UK investors can access BITQ through brokers like AJ Bell https://www.ajbell.co.uk/. This ETF is ideal for those seeking targeted exposure to crypto industry leaders.VanEck Crypto and Blockchain Innovators UCITS ETF (DAPP)The VanEck Crypto and Blockchain Innovators UCITS ETF (DAPP) invests in companies advancing blockchain and crypto technologies, with an AUM of around $120 million and an expense ratio of 0.65%.
It includes firms like Block and Canaan. Available on platforms like eToro https://www.etoro.com/, DAPP offers a balanced approach for UK investors looking to capitalize on blockchain growth without direct crypto ownership.Amplify Transformational Data Sharing ETF (BLOK)The Amplify Transformational Data Sharing ETF (BLOK) is one of the largest blockchain-focused ETFs, with an AUM of approximately $400 million.
Its expense ratio is 0.71%, and it holds a diversified portfolio of 50 stocks, including MicroStrategy and PayPal.
BLOK is accessible via brokers like XTB https://www.xtb.com/. Its focus on transformational data-sharing technologies makes it a strong choice for investors seeking exposure to blockchain’s broader applications.
First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)The First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) targets companies in the crypto and digital economy space, with an AUM of about $80 million and an expense ratio of 0.85%. Holdings include Marathon Digital and Bit Digital.
UK investors can trade CRPT through platforms like Pepperstone https://www.pepperstone.com/. This ETF is suitable for those interested in emerging crypto industry players.Invesco CoinShares Global Blockchain UCITS ETF (BCHN)The Invesco CoinShares Global Blockchain UCITS ETF (BCHN) tracks the CoinShares Blockchain Global Equity Index, with an AUM of around $500 million and a low expense ratio of 0.40%.
It invests in companies like NVIDIA and SBI Holdings, which are linked to blockchain and crypto infrastructure.
Available on platforms like Admiral Markets https://www.admiralmarkets.com/, BCHN is a top pick for cost-conscious investors seeking global blockchain exposure.21Shares Bitcoin ETP (ABTC)The 21Shares Bitcoin ETP (ABTC) is a physically backed Bitcoin ETP available to professional investors in the UK.
It tracks Bitcoin’s spot price and has an AUM of approximately $200 million with an expense ratio of 1.49%.
Accessible via regulated brokers like Saxo Markets https://www.saxomarkets.com/, ABTC offers direct Bitcoin exposure for institutional investors, though retail access is limited due to FCA restrictions.
Differences Between Bitcoin ETFs and Spot Bitcoin ETFsBitcoin ETFs and spot Bitcoin ETFs differ significantly in structure and exposure. Bitcoin ETFs, as available in the UK, typically invest in futures contracts or companies related to blockchain and crypto, not the cryptocurrency itself.
For example, funds like BLOK and BCHN hold stocks of companies involved in the crypto ecosystem, providing indirect exposure.
Their performance may not perfectly track Bitcoin’s price due to the influence of company performance and market factors.
Spot Bitcoin ETFs, like those approved in the US in January 2024, directly hold Bitcoin and track its real-time price, minus fees.
These funds, such as the iShares Bitcoin Trust ETF (IBIT) https://www.blackrock.com/, offer purer exposure but are unavailable to UK retail investors due to FCA regulations.
Spot ETFs are physically backed, reducing counterparty risk compared to futures-based ETFs, but they remain high-risk due to Bitcoin’s volatility. In the UK, ETPs like 21Shares Bitcoin ETP provide similar direct exposure but are restricted to professional investors.Where to Buy Bitcoin ETFs in the UKUK investors can purchase Bitcoin ETF alternatives through FCA-regulated brokers, ensuring compliance with local regulations. Popular platforms include:
Key Points to Weigh Before Buying a Bitcoin ETFInvesting in Bitcoin ETF alternatives requires careful consideration due to the unique risks of the crypto market. Below are key factors to evaluate.Bitcoin’s Inherent Volatility and RisksBitcoin’s price is notoriously volatile, with daily swings of 5-10% not uncommon. ETFs like BLOK or BCHN, which invest in crypto-related companies, may mitigate some risk through diversification but are still exposed to market fluctuations.
Investors could face significant losses, especially during crypto market downturns, as seen in 2022.Regulatory and Technology UncertaintyThe FCA’s strict stance on crypto products creates uncertainty for retail investors. Blockchain technology also faces risks like scalability issues or security breaches.
ETFs holding crypto-related companies may be affected by regulatory changes or technological failures, impacting returns.Market Conditions and Operational RisksCrypto markets are influenced by macroeconomic factors, such as interest rates, and operational risks, like exchange hacks or custody failures.
ETFs using reputable custodians like Coinbase or Fidelity Digital Assets reduce some risks, but investors should assess fund transparency and security measures.
ConclusionsFor UK investors seeking in-depth crypto exposure, Bitcoin ETF alternatives like iShares Blockchain Technology UCITS ETF (BLKC), Invesco CoinShares Global Blockchain UCITS ETF (BCHN), and Amplify Transformational Data Sharing ETF (BLOK) offer diversified access to the blockchain and crypto economy.
While spot Bitcoin ETFs remain unavailable to retail investors due to FCA restrictions, professional investors can explore ETPs like 21Shares Bitcoin ETP. Platforms like Interactive Brokers, Hargreaves Lansdown, and eToro provide easy access to these funds.
However, the high volatility, regulatory uncertainty, and operational risks of the crypto market demand careful consideration. Investors should align their risk tolerance and financial goals before diving into these high-risk, high-reward opportunities. Always consult a financial advisor to ensure these investments suit your portfolio.
As of August 2025, spot Bitcoin ETFs, which directly hold Bitcoin and track its real-time price, are not approved for retail investors in the UK. The FCA banned the sale of crypto-linked exchange-traded notes (ETNs) to retail investors in 2021, citing high volatility, lack of inherent value, and risks of financial crime.
However, professional and institutional investors can access certain crypto Exchange-Traded Products (ETPs) listed on the London Stock Exchange (LSE), such as those launched by WisdomTree and 21Shares in May 2024 https://www.wisdomtree.eu/, https://21shares.com/. These ETPs are physically backed by Bitcoin or Ethereum but are restricted to qualified investors.
Retail investors can still gain indirect exposure through ETFs that invest in blockchain technology or crypto-related companies.
These funds are available on traditional exchanges and comply with the UCITS directive, which requires diversification, unlike single-asset Bitcoin ETFs. The regulatory landscape may evolve, but for now, UK retail investors must explore alternatives to direct Bitcoin ETFs.
Top 8 Bitcoin ETF Alternatives in the UKFor UK investors seeking crypto exposure, several ETFs focus on blockchain technology and crypto-related companies.
Below are eight top options available as of August 2025, offering diversified exposure to the crypto ecosystem without directly holding Bitcoin.iShares Blockchain Technology UCITS ETF (BLKC)The iShares Blockchain Technology UCITS ETF (BLKC), managed by BlackRock, tracks the NYSE FactSet Global Blockchain Technologies Index, investing in companies involved in blockchain development, crypto mining, and related services.
With assets under management (AUM) of approximately $300 million, it includes firms like Coinbase and MicroStrategy.
Its expense ratio is around 0.50%, making it a cost-effective option for UK investors. BLKC is available through FCA-regulated brokers like Interactive Brokers https://www.interactivebrokers.co.uk/. This ETF suits investors seeking broad exposure to blockchain innovation.Global X Blockchain ETF (BKCH)The Global X Blockchain ETF (BKCH) focuses on companies driving blockchain adoption, such as crypto exchanges, miners, and tech firms.
With an AUM of about $150 million and an expense ratio of 0.50%, it offers diversified exposure to global blockchain leaders.
BKCH is accessible via platforms like Hargreaves Lansdown https://www.hl.co.uk/. Its holdings include companies like Bitfarms and Galaxy Digital, appealing to investors interested in the broader crypto economy.
Bitwise Crypto Industry Innovators ETF (BITQ)The Bitwise Crypto Industry Innovators ETF (BITQ) tracks an index of companies heavily involved in crypto, with at least 85% of revenue derived from crypto-related activities.
It has an AUM of roughly $100 million and an expense ratio of 0.85%. Key holdings include Coinbase and Riot Platforms.
UK investors can access BITQ through brokers like AJ Bell https://www.ajbell.co.uk/. This ETF is ideal for those seeking targeted exposure to crypto industry leaders.VanEck Crypto and Blockchain Innovators UCITS ETF (DAPP)The VanEck Crypto and Blockchain Innovators UCITS ETF (DAPP) invests in companies advancing blockchain and crypto technologies, with an AUM of around $120 million and an expense ratio of 0.65%.
It includes firms like Block and Canaan. Available on platforms like eToro https://www.etoro.com/, DAPP offers a balanced approach for UK investors looking to capitalize on blockchain growth without direct crypto ownership.Amplify Transformational Data Sharing ETF (BLOK)The Amplify Transformational Data Sharing ETF (BLOK) is one of the largest blockchain-focused ETFs, with an AUM of approximately $400 million.
Its expense ratio is 0.71%, and it holds a diversified portfolio of 50 stocks, including MicroStrategy and PayPal.
BLOK is accessible via brokers like XTB https://www.xtb.com/. Its focus on transformational data-sharing technologies makes it a strong choice for investors seeking exposure to blockchain’s broader applications.
First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)The First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) targets companies in the crypto and digital economy space, with an AUM of about $80 million and an expense ratio of 0.85%. Holdings include Marathon Digital and Bit Digital.
UK investors can trade CRPT through platforms like Pepperstone https://www.pepperstone.com/. This ETF is suitable for those interested in emerging crypto industry players.Invesco CoinShares Global Blockchain UCITS ETF (BCHN)The Invesco CoinShares Global Blockchain UCITS ETF (BCHN) tracks the CoinShares Blockchain Global Equity Index, with an AUM of around $500 million and a low expense ratio of 0.40%.
It invests in companies like NVIDIA and SBI Holdings, which are linked to blockchain and crypto infrastructure.
Available on platforms like Admiral Markets https://www.admiralmarkets.com/, BCHN is a top pick for cost-conscious investors seeking global blockchain exposure.21Shares Bitcoin ETP (ABTC)The 21Shares Bitcoin ETP (ABTC) is a physically backed Bitcoin ETP available to professional investors in the UK.
It tracks Bitcoin’s spot price and has an AUM of approximately $200 million with an expense ratio of 1.49%.
Accessible via regulated brokers like Saxo Markets https://www.saxomarkets.com/, ABTC offers direct Bitcoin exposure for institutional investors, though retail access is limited due to FCA restrictions.
Differences Between Bitcoin ETFs and Spot Bitcoin ETFsBitcoin ETFs and spot Bitcoin ETFs differ significantly in structure and exposure. Bitcoin ETFs, as available in the UK, typically invest in futures contracts or companies related to blockchain and crypto, not the cryptocurrency itself.
For example, funds like BLOK and BCHN hold stocks of companies involved in the crypto ecosystem, providing indirect exposure.
Their performance may not perfectly track Bitcoin’s price due to the influence of company performance and market factors.
Spot Bitcoin ETFs, like those approved in the US in January 2024, directly hold Bitcoin and track its real-time price, minus fees.
These funds, such as the iShares Bitcoin Trust ETF (IBIT) https://www.blackrock.com/, offer purer exposure but are unavailable to UK retail investors due to FCA regulations.
Spot ETFs are physically backed, reducing counterparty risk compared to futures-based ETFs, but they remain high-risk due to Bitcoin’s volatility. In the UK, ETPs like 21Shares Bitcoin ETP provide similar direct exposure but are restricted to professional investors.Where to Buy Bitcoin ETFs in the UKUK investors can purchase Bitcoin ETF alternatives through FCA-regulated brokers, ensuring compliance with local regulations. Popular platforms include:
- Interactive Brokers https://www.interactivebrokers.co.uk/: Offers access to BLKC and other blockchain ETFs.
- Hargreaves Lansdown https://www.hl.co.uk/: Supports BKCH and other global ETFs.
- AJ Bell https://www.ajbell.co.uk/: Provides access to BITQ and similar funds.
- eToro https://www.etoro.com/: Ideal for DAPP and crypto portfolios.
- XTB https://www.xtb.com/: Offers BLOK and low-cost trading.
- Pepperstone https://www.pepperstone.com/: Supports CRPT and other ETFs.
- Admiral Markets https://www.admiralmarkets.com/: Access to BCHN and blockchain ETFs.
- Saxo Markets https://www.saxomarkets.com/: Suitable for professional investors trading ABTC.
Key Points to Weigh Before Buying a Bitcoin ETFInvesting in Bitcoin ETF alternatives requires careful consideration due to the unique risks of the crypto market. Below are key factors to evaluate.Bitcoin’s Inherent Volatility and RisksBitcoin’s price is notoriously volatile, with daily swings of 5-10% not uncommon. ETFs like BLOK or BCHN, which invest in crypto-related companies, may mitigate some risk through diversification but are still exposed to market fluctuations.
Investors could face significant losses, especially during crypto market downturns, as seen in 2022.Regulatory and Technology UncertaintyThe FCA’s strict stance on crypto products creates uncertainty for retail investors. Blockchain technology also faces risks like scalability issues or security breaches.
ETFs holding crypto-related companies may be affected by regulatory changes or technological failures, impacting returns.Market Conditions and Operational RisksCrypto markets are influenced by macroeconomic factors, such as interest rates, and operational risks, like exchange hacks or custody failures.
ETFs using reputable custodians like Coinbase or Fidelity Digital Assets reduce some risks, but investors should assess fund transparency and security measures.
ConclusionsFor UK investors seeking in-depth crypto exposure, Bitcoin ETF alternatives like iShares Blockchain Technology UCITS ETF (BLKC), Invesco CoinShares Global Blockchain UCITS ETF (BCHN), and Amplify Transformational Data Sharing ETF (BLOK) offer diversified access to the blockchain and crypto economy.
While spot Bitcoin ETFs remain unavailable to retail investors due to FCA restrictions, professional investors can explore ETPs like 21Shares Bitcoin ETP. Platforms like Interactive Brokers, Hargreaves Lansdown, and eToro provide easy access to these funds.
However, the high volatility, regulatory uncertainty, and operational risks of the crypto market demand careful consideration. Investors should align their risk tolerance and financial goals before diving into these high-risk, high-reward opportunities. Always consult a financial advisor to ensure these investments suit your portfolio.