London prepares for an increase in the number of exchange-traded crypto products. The excitement among large crypto ETF suppliers is growing.
London is preparing to enter a new age of exchange traded products (cryptocurrencies).ETPs), financial Giants like CoinShares, WisdomTreeFinancial Times:. and ETC Group are keenly awaiting opportunities to list on London Stock Exchange. has learned.
Financial Conduct Authority’s relaxation of RegulationsFCAThe FCA has not lifted the ban on retail investors accessing ETPs for cryptos listed at the LSE. This is the source of criticism. Bradley Duke of ETC Group – Europe’s biggest crypto fund – expressed readiness to offer products at the LSE. He also expressed hopes for the lifting of retail restrictions in the near term.
“The LSE is such an important market for us we definitely will list products when possible and preparation is under way. We hope the retail ban will be lifted soon after.” Bradley Duke
VanEck CoinShares WisdomTree and other large European crypto-players have also expressed their interest in new listing opportunities with the London Stock Exchange.
The FCA limits the amount of money that can be spent on a certain type of activity. “professional investors only” This report states that the market has been unable to bring in all the European ETP issuers, who have a total of $14,2 billion. Mandy Chiu was the director of financial The product development team at 21Shares praised the LSE for approving crypto ETPs. “encouraging,” The firm, she said, would continue. “monitor” As of the time of publication, there were no plans to launch any U.K. listed products.
Crypto.news reported The London Stock Exchange will soon begin to accept Bitcoin as a trading currency (BTCEthereum (ETHThe exchange will launch crypto-ETNs (exchange traded notes) by Q2, 2024. The exchange has stressed that this offering will be available only to institutions such as pension funds, insurance companies, investment firms and credit institutions.
The decision is in contrast to the trends observed elsewhere, where investors are granted access. The FCA has ended its blanket ban of crypto ETPs. This aligns the FCA more closely to the regulatory frameworks used in Europe, Australia Brazil Canada the U.S.
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Source: crypto.news