BTC and ETH ETPS To Be Listed On The LSE; Says WisdomTree
The post BTC and ETH ETPS To Be Listed On The LSE; Says WisdomTree appeared on BitcoinEthereumNews.com.
The Financial Conduct Authority (FCA) green-flagged WisdomTree Inc. to list its Bitcoin (BTC) and Ethereum (ETH) ETPs on the London Stock Exchange (LSE). The asset manager becomes the first issuer of crypto Exchange Traded Products (ETPs), which would be available for professional investors. When ETPs will be Listed on the London Stock Exchange? On May 22, FCA approved Wisdomtrees’s application for Wisdomtree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW) ETPs listing on LSE, which will be listed on Tuesday, May 28. At the time of listing, ETPs will be available for professional investors. At press time, Bitcoin was trading at $69,821.63, a drop of 1.59% in a day with a market cap of $1,376,302,167,455. Ethereum, on the other hand, showcased a bullish trend, hovering at $3,702.22 after a decline of 2.11% in 24 hours. WisdomTree in Europe shared the latest news on X as well as through Press releases. 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 FCA approval of our crypto ETPs’ prospectus is a significant step forward for the industry and UK-based professional investors seeking exposure to the asset class.”, said Alexis Marinof, Head of Europe, WisdomTree. WisdomTree Inc.’s ETP Journey WisdomTree became the first established ETP issuer in 2019, offering individuals with physically backed crypto exposure. Currently, the manager listed ETPs on the Deutsche Börse Xetra, the Swiss Stock Exchange SIX, and Euronext exchanges in Paris and Amsterdam. From May 28, the ETPs will be available on LSE and have a total expense ratio (TER) of 0.35%. Additionally, the manager offers a range of eight physically backed crypto ETPs…
Filed under: News - @ May 23, 2024 1:10 am