WisdomTree Secures Permission To List Crypto ETPs On the London Stock Exchange
WisdomTree received approval from the Financial Conduct Authority (FCA) on May 22 to list its cryptocurrency exchange-traded products (ETPs), WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW), on the London Stock Exchange (LSE).
According to a recent press release from WisdomTree, its 100% physically backed Bitcoin and Ethereum ETPs are expected to be listed on Tuesday, May 28, 2024. The products will be offered exclusively to professional investors.
We are thrilled to announce that the Financial Conduct Authority (FCA) has approved the prospectus for our WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW) ETPs.
Read the press release for more info: https://t.co/4b4vXPTanm pic.twitter.com/73GObGBCMQ
— WisdomTree in Europe (@WisdomTreeEU) May 22, 2024
The WisdomTree Physical Bitcoin and WisdomTree Physical Ethereum ETPs have a 0.35% management expense ratio.
Currently, these ETPs are already listed on other major European exchanges, including Deutsche Börse Xetra, the Swiss Stock Exchange SIX, and Euronext exchanges in Paris and Amsterdam.
Alexis Marinof, President of WisdomTree Europe, highlighted the importance of the FCA’s approval, noting that it represents a substantial step forward for the cryptocurrency industry and provides UK-based professional investors with a regulated and secure means of gaining exposure to Bitcoin and Ethereum.
He said,
“While UK-based professional investors have been able to allocate to crypto ETPs via overseas exchanges, they will soon have a more convenient access point. FCA approval in this respect could result in greater institutional adoption of the asset class, as many professional investors have been unable to gain exposure to Bitcoin and other
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