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WisdomTree has received approval from the UK Financial Conduct Authority (FCA) to list physically-backed Bitcoin and Ether exchange-traded products (ETPs) on the London Stock Exchange (LSE). These ETPs are set to go live on May 28, 2024. The approval marks a significant step for institutional adoption of cryptocurrency in traditional finance markets. WisdomTree's Bitcoin and Ether ETPs, named WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW), will be available to professional investors only. Additionally, 21Shares will also list crypto products on the LSE as part of a multi-product UK launch.
WisdomTree, 21Shares to list crypto products on London Stock Exchange https://t.co/VwOMlGaaOy https://t.co/oT6gFNDpFz
Breaking: @WisdomTreeFunds secures @TheFCA approval for #Bitcoin and #Ether ETP listings on the London Stock Exchange The WisdomTree Physical Bitcoin ($BTCW) and WisdomTree Physical Ethereum ($ETHW) ETPs are set to begin trading on May 28, 2024. WisdomTree, a leading asset… https://t.co/1FGdcYq937
NEW: WisdomTree got FCA approval to list #Bitcoin-backed ETPs for professionals on the 🇬🇧 London Stock Exchange. Launch expected May 28th. https://t.co/dTyA04n8Pc