WisdomTree is an exchange traded fund (ETF) provider that has listed its crypto ETPs for the first time on LSE.
WisdomTreeAn international exchange traded fundETFThe exchange traded product (ETPThe British Financial Conduct Authority has approved the listing of its Bitcoin and Ethereum Physically-backed ETPs at the London Stock Exchange.LSEThis is a momentous occasion for both the UK-based industry and professional investors.
The aforementioned is a blog announcement Alexis Marinof of WisdomTree’s Europe department, who is the head of the company, highlighted this important development on the 22nd of May by calling the approval of a “significant step forward for the industry” The U.K.
Marinof noted also that regulatory restrictions and uncertainties had prevented many professional investors to gain exposure to Bitcoin or other crypto. With the FCA approval, it is expected that these entry barriers will diminish.
The company’s crypto ETPs are already listed on other stock exchanges including Deutsche Börse Xetra, the Swiss Stock Exchange SIX, and Euronext exchanges in Paris and Amsterdam. WisdomTree is expected to launch its Bitcoin (BTCW), Ethereum (ETHW) and ETPs (ETPs) on May 28.
Each crypto ETN may offer up to three different currency lines, enhancing flexibility for investors looking to diversify their exposure through traditional trading. The crypto ETNs can offer three currency lines. This allows investors to have a greater degree of flexibility when diversifying their crypto exposure through traditional methods. financial markets.
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Source: crypto.news