Bitcoin

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<ul><li>The British FCA approves WisdomTree to list Bitcoin and Ethereum ETPs on the LSE, marking a key industry milestone.</li><li>FCA mandates physically backed, Bitcoin/Ether-linked, non-leveraged ETPs to ensure security and reliability.</li><li>WisdomTree&#39;s BTCW and ETHW ETPs offer professional investors cost-effective, secure options with 0.35% fees.</li></ul>WisdomTree, a New York-based ETF and ETP firm, has been approved by the British FCA to list physically backed Bitcoin and Ethereum ETPs on the London Stock Exchnage (LSE). Alexis Marinof, the head of Europe at WisdomTree, <a href="https://www.wisdomtree.eu/en-gb/press-room/tabs/latest-news/wisdomtree-obtains-approval-to-list-physically-backed-bitcoin-and-ethereum-etps-on-the-lse" rel="noopener noreferrer nofollow">pointed </a>this out on May 22. He referred to the FCA’s approval as a significant event in the industry in the U.K. and the growth and legitimisation of cryptocurrency investments in the region.Similarly, when the FCA <a href="https://www.etfstream.com/articles/wisdomtree-gets-approval-to-list-bitcoin-and-ethereum-etps-on-lse" rel="noopener noreferrer nofollow">approves</a> these ETPs, it also sets certain measures to ensure that these ETPs are not easily manipulated. To satisfy these criteria the ETPs must be linked to Bitcoin or Ether, physically replicated and non-contracted in order to provide a safe investment opportunity for the sophisticated client base.Issuers are also required to employ the services of a custodian licensed under AML in the United States, the United Kingdom, or the European Union. Such custodians should keep the base assets in cold storage to prevent investors from incurring potential losses.<a href="https://cryptotale.org/wisdomtree-gains-fca-approval-for-bitcoin-ethereum-etps-on-lse-report/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

WisdomTree Gains FCA Approval for Bitcoin, Ethereum ETPs on LSE: Report

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