WisdomTree has received regulatory approval from the Financial Conduct Authority to list its physically-backed WisdomTree Physical Bitcoin and WisdomTree Physical Ethereum ETPs on the London Stock Exchange.
The listing is expected to take place on 28 May, with the exchange-traded products to become available only to professional investors. According to a statement updated in March, the UK financial regulator "continues to believe cryptoasset-backed exchange traded notes and crypto derivatives are ill-suited for retail consumers due to the harm they pose". FCA issues guidance for crypto marketing WisdomTree's head of Europe Alexis Marinof said: "The FCA approval of our crypto ETPs' prospectus is a significant step forward for the industry and UK-based professional investors seeking exp...
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