WisdomTree is a recipient of the prestigious “Best in Class” award. approval Financial Conduct Authority approval to list physically-backed Bitcoin ETPs and Ethereum ETPs at the London Stock Exchange. WisdomTree can now introduce its WisdomTree Physical Bitcoin ETP and WisdomTree Physical Ethereum ETPS, targeted at the London Stock Exchange. May 28 UK lifting restrictions. This ETP, which is available to only professional investors, has a management fee ratio of 0.35 %, making it one of the most affordable institutional crypto ETPs.
Alexis Marinof, WisdomTree’s Head of Europe, emphasized the importance of this regulatory approval in providing UK-based professional investors with easier access to digital assets. Marinof stated that FCA’s approval of digital assets could increase institutional use, by eliminating previous regulatory barriers. Bitcoin And other crypto currencies.
WisdomTree’s current offerings, listed on major European exchanges such as Deutsche Börse Xetra, the Swiss Stock Exchange SIX, and Euronext, include eight physically backed crypto ETPs that provide spot price exposure to individual coins and diversified crypto baskets.
Other issuers, including ETC Group and CoinShares, are also preparing to list their crypto ETPs on the LSE, complying with the FCA’s regulatory requirements. The FCA has recently provided guidance, so it’s essentially just a check-the-box exercise at this point for existing ETP issuers.
WisdomTree’s initiative, combined with potential interest from other major European crypto players like VanEck, signals a growing momentum towards regulated and institutional-grade crypto investment products in the UK market. Currently, the retail investor is left out, and considered incapable of buying Bitcoin via ETPs.
Post WisdomTree first to get nod from FCA on spot Bitcoin ETP ahead of multi-product UK launch The first time that appeared on CryptoSlate.
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