WisdomTree has secured FCA approval to list Bitcoin and Ethereum ETPs on the LSE, marking a major milestone and expanding institutional crypto investment opportunities.
WisdomTree, a prominent global fund manager, has made significant strides in the cryptocurrency investment space. The firm has announced that it has agreed to list Bitcoin and Ethereum exchange-traded products (ETPs) on the London Stock Exchange (LSE) in the U.K.
Approved by the Financial Conduct Authority (FCA). The move marks an important moment for institutional investors in the U.K. I want to gain exposure to the crypto market through regulated channels.
WisdomTree Pioneers Crypto ETP Listing on LSE
In a recent announcement, WisdomTree unveiled its plans to introduce physically backed Bitcoin (BTCW) and Ethereum (ETHW) ETPs on the London Stock Exchange (LSE), following FCA approval. The firm has emphasized its distinction as one of the first issuers to receive FCA approval for crypto-ETPs.
This marks a significant milestone for the wider industry, let alone the fund manager. Notably, these Bitcoin and Ether ETPs will be available for trading on May 28, initially catering to professional investors.
Meanwhile, WisdomTree’s Bitcoin and Ethereum ETPs boast a management expense ratio (MER) of just 0.35%. This positions them as competitively priced options for institutional-grade exposure to these leading cryptocurrencies.
Alexis Marinof, head of Europe at WisdomTree, hailed the FCA’s approval as an important moment for UK-based investors. In addition, he noted that this could pave the way for wider institutional adoption of crypto-assets.
Expanding Crypto Investment Opportunities
WisdomTree’s foray into the cryptocurrency market dates back to 2019 when it introduced the WisdomTree Physical Bitcoin ETP, the first traditional ETP issuer to offer such exposure to European investors.
Since then, the firm has expanded its crypto ETP lineup to include a diverse range of offerings, giving investors access to single coins like Bitcoin and Ethereum, as well as diverse crypto baskets. has gone
Additionally, with its ETPs already listed on several European exchanges including Deutsche Börse Xetra, SIX Swiss Exchange, and Euronext Paris and Amsterdam, WisdomTree has played a significant role in democratizing crypto investing across the continent.
The availability of these ETPs in multiple European countries underscores WisdomTree’s commitment to providing accessible and regulated avenues for crypto investment.
Meanwhile, the news comes amid growing optimism in the US about the possible approval of the Spot Ethereum ETF by the US SEC in the coming days. Given the recent buzz, Ethereum price also noted significant gains, trading above the $3,700 mark.
