WisdomTree Gets Green Light to List Bitcoin, Ether ETPs on London Stock Exchange
In a significant development for the cryptocurrency market, WisdomTree, a leading asset manager, has received approval from the Financial Conduct Authority (FCA) to list its Physical Bitcoin (BTCW) and Physical Ethereum (ETHW) exchange-traded products (ETPs) on the London Stock Exchange (LSE). This move marks a significant shift in the FCA’s stance on crypto derivatives products, which were banned in 2020.
The London Stock Exchange, a hub for financial innovation
The ETPs, which will be available only to professional investors, carry fees of 35 basis points. This development is a testament to WisdomTree’s commitment to providing innovative investment solutions to its clients.
“We are thrilled to have received approval from the FCA to list our Bitcoin and Ethereum ETPs on the LSE,” said a WisdomTree spokesperson. “This is a significant milestone for our company and a testament to our commitment to providing innovative investment solutions to our clients.”
The FCA’s decision to relax its stance on crypto derivatives products is a welcome move for the industry. The regulator had banned such products in 2020, citing concerns about investor protection. However, with the growing popularity of cryptocurrencies and the increasing demand for investment products, the FCA has revised its stance.
The cryptocurrency market has seen significant growth in recent years
WisdomTree’s ETPs will provide professional investors with a regulated and secure way to gain exposure to the cryptocurrency market. The company has a strong track record of innovation, having launched the first spot bitcoin ETF in the US in January.
The listing of WisdomTree’s ETPs on the LSE is expected to take place on May 28. This development is expected to have a positive impact on the cryptocurrency market, providing investors with a new way to gain exposure to the market.
WisdomTree, a leading asset manager with a strong track record of innovation
In conclusion, the approval of WisdomTree’s ETPs on the LSE is a significant development for the cryptocurrency market. It marks a shift in the FCA’s stance on crypto derivatives products and provides professional investors with a new way to gain exposure to the market.
Cryptocurrency investment products are gaining popularity among investors
As the cryptocurrency market continues to evolve, it will be interesting to see how WisdomTree’s ETPs perform on the LSE. One thing is certain, however - this development is a significant step forward for the industry.
