WisdomTree to list crypto products on London Stock Exchange
regulator has approved WisdomTree's bid to list exchange-traded products (ETPs) backed by cryptocurrencies bitcoin and ether on the London Stock Exchange, the asset manager said on Wednesday ahead of an expected launch this month.
The approval comes after Britain's Financial Conduct Authority (FCA) in March approved the launch of what it called «cETNs» — cryptoasset-backed exchange traded notes — for professional investors.
Investors are increasingly buying cryptocurrencies via ETPs, even as regulators warn about the risks.
Bitcoin's price surged after the U.S. Securities and Exchange Commission (SEC) approved bitcoin exchange-traded funds in January, and cryptocurrencies have gained in recent days on expectations that the SEC will approve a similar product for the second-biggest cryptocurrency, ether.
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View Details»The two WisdomTree products give investors exposure to the underlying cryptocurrencies: one for bitcoin and one for ether. They are expected to be listed on May 28, WisdomTree said in a statement, adding that it was «amongst the first
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