London Stock Exchange Set to List Crypto ETPs for First Time
Published
The LSE said in March it would accept applications for bitcoin and ether ETPs in the second quarter after the FCA adjusted its stance.
The London Stock Exchange (LSE) will list crypto exchange-traded products (ETPs) for the first time later this month after prospectuses from WisdomTree (WT) and 21Shares were approved by the Financial Conduct Authority (FCA). WisdomTree (WT), based in New York, won approval to list its Physical Bitcoin (BTCW) and Physical Ethereum (ETHW) ETPs, which it expects to start trading on May 28. Zurich-based 21Shares was approved for bitcoin (BTC) and ether (ETH) products and may start trading around the same time. A prospectus from Invesco was also approved, though the firm has made no further comment. Approval in the U.K. comes several months after the January green light for spot bitcoin exchange-traded funds in the U.S. Similar products have been trading in various European jurisdictions for several years. Both WisdomTree and 21Shares were among the firms to have spot ETFs approved in the U.S. in January.

