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WisdomTree, a prominent global fund manager, has made&nbsp;a significant breakthrough in the cryptocurrency investment&nbsp;space.&nbsp;The firm has announced that it has obtained approval from the U.K. Financial Conduct Authority (FCA) to list Bitcoin and Ethereum Exchange-Traded Products (ETPs) on the <a href="https://coingape.com/london-stock-exchange-launches-bitcoin-futures-and-options-trading/" target="_blank" rel="noopener noreferrer nofollow">London Stock Exchange (LSE)</a>. This move marks a pivotal moment for&nbsp;institutional investors seeking exposure to the crypto market through regulated channels&nbsp;in the U.K.
<h2 id="span-data-preserver-spaces-true-wisdomtree-pioneers-crypto-etp-listing-on-lse-span">WisdomTree Pioneers Crypto ETP Listing on LSE</h2>
In a recent announcement, <a href="https://coingape.com/wisdomtree-wbit-etp-holds-8900-btc-in-cold-storage/" target="_blank" rel="noopener noreferrer nofollow">WisdomTree</a> unveiled its plans to introduce physically-backed Bitcoin (BTCW) and Ethereum (ETHW) ETPs on the London Stock Exchange (LSE),&nbsp;following approval from the FCA. The firm emphasized its distinction as one of the first issuers to receive FCA approval for crypto ETPs.&nbsp;
It also marks a significant milestone for the broader industry, let alone the fund manager. Notably, these <a rel="noopener noreferrer nofollow" 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" target="_blank">Bitcoin and Ether ETPs </a>are expected&nbsp;to be available for trading on May 28, catering initially to professional investors.
Meanwhile, WisdomTree’s Bitcoin and Ethereum ETPs boast a management expense ratio (MER) of just 0.35%. It positions them as competitively priced options for institutional-grade exposure to these leading cryptocurrencies.&nbsp;
Alexis Marinof, Head of Europe at WisdomTree, hailed the <a href="https://coingape.com/crypto-in-spotlight-as-uk-fca-unveils-money-laundering-report/" target="_blank" rel="noopener noreferrer nofollow">FCA</a> approval as a pivotal moment for UK-based investors. Besides, he noted that it could&nbsp;pave the way for broader institutional adoption of crypto assets.
Also Read: <a href="https://coingape.com/meme-coins-floki-and-pepe-see-strong-rally-whats-driving-them/" target="_blank" rel="noopener noreferrer nofollow">Meme Coins FLOKI and PEPE See Strong Rally, What’s Driving Them?</a>
<h2 id="span-data-preserver-spaces-true-expanding-crypto-investment-opportunities-span">Expanding Crypto Investment Opportunities</h2>
<a href="https://coingape.com/wisdomtree-receives-crypto-custody-launch-approval-new-york/" target="_blank" rel="noopener noreferrer nofollow">WisdomTree’s foray</a> into the cryptocurrency market market dates back to 2019 when it introduced the WisdomTree Physical Bitcoin ETP, marking the first instance of a traditional ETP issuer offering such exposure to European investors. Since then, the firm has expanded its crypto ETP lineup to encompass a diverse range of offerings, providing investors with access to single coins like <a href="https://coingape.com/glossary/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> and Ethereum, as well as&nbsp;diversified crypto baskets.
In addition, with its ETPs already listed on several European exchanges&nbsp;including&nbsp;Deutsche Börse Xetra, SIX Swiss Exchange, and Euronext Paris and Amsterdam, WisdomTree has been instrumental in democratizing crypto investment 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 soaring optimism in the U.S. over the potential approval of the <a href="https://coingape.com/spot-ethereum-etf-sec-pushes-exchanges-for-update-on-19b-4-filings/" target="_blank" rel="noopener noreferrer nofollow">Spot Ethereum ETF</a> by the U.S. SEC in the coming days. Given the recent buzz, the <a href="https://coingape.com/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">Ethereum price</a> also noted significant gains, trading over the $3,700 mark.
Also Read: <a href="https://coingape.com/bitcoin-news-whales-scoop-636m-in-single-day-whats-next-for-btc-price/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Whales Scoop $636M In Single Day, What’s Next For BTC Price?</a>
The post <a href="https://coingape.com/wisdomtree-secures-fca-approval-list-bitcoin-ether-etp-lse/" rel="noopener noreferrer nofollow">Breaking: WisdomTree Secures FCA Approval To List Bitcoin, Ether ETPs On LSE</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Breaking: WisdomTree Secures FCA Approval To List Bitcoin, Ether ETPs On LSE

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