Crypto Exchange-Traded Products Get UK Regulatory Approval
- WisdomTree is first to receive approval for London listing
- Trading may start as soon as May 28 under LSE guidelines
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The UK’s financial regulator approved the first cryptocurrency exchange-traded products, a step toward catching up to other financial centers in digital assets.
WisdomTree Inc. said it received the green light from the Financial Conduct Authority to list a pair of physically-backed crypto ETPs tracking Bitcoin and Ether on the London Stock Exchange. The products may start trading as soon as May 28, WisdomTree said in a statement Wednesday. Invesco Digital Markets confirmed in a statement that the company received approval for its Bitcoin ETP and also expects trading to begin on May 28.