Asset management firm WisdomTree has been given the green light to launch new ETP products, which are expected to debut on the London Stock Exchange on May 28.
Ethereum ETF: There is a green light for them to debut on the London Stock Exchange
Two new physically backed exchange-traded products (ETPs) are coming to the UK. WisdomTree has received approval to launch two ETP products. The official claims to be the first to get the green light for a publication of its kind in the UK.
What was reported was that Tree of wisdoman asset manager, has received approval from the Financial Conduct Authority (FCA) to do so List two exchange-traded products of Bitcoin and Ethereum on the London Stock Exchange (LSE).
In a press release on Wednesday, both were confirmed Bitcoin physical wisdom tree And Ethereum Physical Wisdom Tree They will start trading on May 28th It will only be available to professional investors.
“The FCA’s approval of a cryptocurrency ETP is an important step forward For industry and UK based professional investors seeking exposure to this asset class. Alexis Marinov, European Director of The Wisdom Tree.
He added that the approval “may lead to greater institutional adoption of the asset class, as many professional investors have not been able to gain exposure to Bitcoin and other cryptocurrencies due to regulatory restrictions and uncertainty;” We expect the FCA’s approval of the prospectus for cryptocurrency products to help Our exchange-traded crypto helps remove those barriers to entry.”
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