"Fidelity Crypto now allows customers to withdraw Bitcoin and other crypto to external wallets, over 2 years after launching its retail platform. This move gives users full self‑custody control while bridging traditional brokerage services and permissionless wallets. Fidelity also took a major step toward mainstream crypto adoption by making its Physical Bitcoin ETP - launched in February 2022 and now listed on multiple European exchanges-available to UK retail clients for the first time after the FCA lifted the ban on retail crypto ETPs."
"The move comes after the UK's Financial Conduct Authority (FCA) relaxed its stance on cryptocurrency, lifting its ban on crypto exchange-traded products (ETPs) for retail investors on 8 October. The regulatory shift opens the door for established asset managers like Fidelity, BlackRock, and WisdomTree to offer crypto exposure to a broader audience through regulated channels. In mid October, BlackRock listed its iShares Bitcoin Exchange-Traded Product (ETP), ticker IB1T, on the London Stock Exchange. The ETP is fully physically backed, with all Bitcoin held securely through Coinbase custody."
Fidelity now allows customers to withdraw Bitcoin and other crypto to external wallets, enabling full self-custody control and bridging traditional brokerage services with permissionless wallets. Fidelity made its Physical Bitcoin ETP available to UK retail clients for the first time after the FCA lifted its ban on retail crypto ETPs, expanding mainstream access. The Fidelity Physical Bitcoin ETP is physically backed and already listed on multiple European exchanges. The ETP becomes the first crypto asset available to Fidelity's advised platform clients, with additional products planned in the coming weeks. The regulatory change has enabled other asset managers to list physically backed Bitcoin ETPs on major exchanges.
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