Bitcoin Exchange-Traded Products Make Their Debut on the London Stock Exchange

Bitcoin
exchange-traded
products
(ETPs)
from
WisdomTree
and
21Shares
have
officially
started
trading
on
the
London
Stock
Exchange
(LSE).
This
event
marks
a
significant
milestone
as
these
are
the
first
regulated
Bitcoin
ETPs
to
be
listed
in
the
UK.

First
Regulated
Bitcoin
ETPs
Listed
in
the
UK
by
WisdomTree
and
21Shares

Last
week,
the
Financial
Conduct
Authority
(FCA)
of
the
UK
approved
the
listing
of
Bitcoin
exchange-traded
notes
(ETNs)
on
the
LSE.
This
regulatory
clearance
allowed
asset
managers
WisdomTree
and
21Shares
to
launch
their
Bitcoin
ETPs
on
the
exchange
today.
The
approval
from
the
FCA
had
been
eagerly
anticipated
by
issuers
who
were
awaiting
the
green
light
to
bring
Bitcoin
ETNs
to
the
LSE.

21Shares
has
introduced
two
Bitcoin
products
to
the
market:

the
21Shares
Bitcoin
ETN
(ABTC)
and

the
21Shares
Bitcoin
Core
ETN
(CBTC).
At
the
same
time,
WisdomTree
has
launched
its
Physical
Bitcoin
ETN
(BTCW).
These
ETNs
offer
exposure
to

the
price
of
Bitcoin,
but
under
current
FCA
regulations,
they
are
only
accessible
to
professional
investors.
Alex
Pollak,
head
of
UK
for
21Shares,
pointed
out,

The
game-changer
in
the
UK
will
be
when
the
retail
ban
is
lifted;
there
is
a
retail
ban
on
trading
Bitcoin
and
ether
ETNs
at
the
moment.

Today’s
launch
is
a
pivotal
moment
for
both
Bitcoin
adoption
and
London’s
ambitions
to
establish
itself
as

a
hub
for
digital
assets.
Other
major
financial
centers,
including
the
US,
Europe,
and
Hong
Kong,
already
have
regulated
Bitcoin
funds,
which
has
put
pressure
on
the
FCA
to
keep
pace.

Ophelia
Snyder,
co-founder
of
21Shares,
highlighted
the
significance
of
the
UK
market
by
stating,

The
UK
is
one
of
the
deepest,
most
liquid
capital
markets
in
the
world.

The
FCA’s
phased
approach
to
opening
its
market
allows
professional
investors
to
gain
regulated
exposure
to
crypto
assets
on
the
LSE
for
the
first
time.

The
introduction
of
these
Bitcoin
ETPs
on
the
LSE
is
not
only
a
testament
to
the
growing
acceptance
of
digital
assets
but
also
a
strategic
move
to
position
London
as
a
leading
center
for
digital
finance.
As
the
regulatory
landscape
continues
to
evolve,
the
potential
lifting
of
the
retail
ban
could
further
transform
the
market,
making
Bitcoin
and
other
digital
assets
more
accessible
to
a
broader
range
of
investors.

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