🇬🇧 The UK Is Open For Business?

Happy Friday, In A Nutshell this week:

• 🇬🇧 The UK Is Open For Business?

• ❌ Meta Says No to Bitcoin

• 🏦 JPMorgan Opens the Door

• 🇬🇧 First UK-Listed Firm to Offer Retail Bitcoin Trading

• 🇪🇺 Spot Bitcoin ETF Opens to Retail

• 🙋‍♂️ Why Millennials Need Bitcoin

• …and much more

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 🚀⏰ Today’s news should be a ~3.29-minute read (544 words).

🧠 Quote Of The Week

“You never change things by fighting the existing reality. To change something, build a new model that makes the old model obsolete.”

– Buckminster Fuller

🇬🇧 The UK Is Open For Business?

Big move from the FCA as they propose lifting the ban on Bitcoin and crypto ETNs (Exchange Traded Notes) for retail investors.

This means UK investors could soon get easier access to regulated Bitcoin exposure via the London Stock Exchange, something previously only allowed for institutions.

Consultation is open until June 26. If approved, this would bring the UK more in line with US and EU access.

❌ Meta Says No

Meta (the company behind Facebook, Instagram, and WhatsApp) just voted overwhelmingly against a proposal to add Bitcoin to its balance sheet.

The resolution, put forward by a small group of shareholders, urged Meta to consider following companies like Strategy by adopting a Bitcoin treasury strategy.

The vote, detailed in a recent regulatory filing, saw a mere 0.1% of shareholder votes in favour, with a resounding 95% opposing the motion.

🏦 JPMorgan Opens the Door

JPMorgan, with $4 trillion in assets, will now allow clients to borrow against their spot Bitcoin ETF holdings.

It’s a sign of growing institutional comfort with Bitcoin, even from one of its most vocal critics. Just a few years ago, Jamie Dimon was calling Bitcoin a fraud. Now his bank is accepting it as collateral.

Times are changing.

🇬🇧 First UK-Listed Firm to Offer Retail Bitcoin Trading

FTSE 250 firm IG Group, a long-established UK brokerage founded in 1974, just became the first UK-listed company to offer retail Bitcoin and crypto trading.

“Customer demand [for bitcoin] is reaching a tipping point,” says MD Michael Healy

🇪🇺 Spot Bitcoin ETF Opens to Retail

The Jacobi Bitcoin ETF, Europe’s first spot Bitcoin ETF, has just been approved for retail investors following regulatory approval.

Previously limited to institutions, it’s now available on Euronext Amsterdam for a wider audience. Another small, steady shift toward broader access in Europe (not the UK yet).

🙋‍♂️ Why Millennials Need Bitcoin

Bram Kanstein, founder of Bitcoin for Millennials, joins the show to discuss why Millennials need Bitcoin now more than ever.

With over a decade in the space, Bram shares his personal journey from fiat to Bitcoin, what he learned about money along the way, and why most people don’t realise their wealth is being stolen.

The episode is available here: YouTube, Apple Podcast, Spotify

🔥 What else have you missed?

1. Uber CEO Dara Khosrowshahi says Bitcoin is a "proven commodity."

2. Romania's largest postal services operator to install Bitcoin and crypto Terminals.

3. Bitcoin held on exchanges for +3 year will be transferred to the state in California under a law passed by the Assembly.

4. Russia's Largest Bank Sberbank Launches Structured Bonds Tied to Bitcoin.

5. FED Chair Jerome Powell discusses the end of the Bretton Woods era.

🍾 Friday Fun!

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