London Stock Exchange Lists Bitcoin and Ether ETPs for Trading

• The LSE has officially listed Bitcoin and Ether ETPs.
• The listing follows approval of the products by the FCA last week.
• The products will be available to a certain investor group.

The London Stock Exchange (LSE) announced on Tuesday the listing of the first batch of Bitcoin and Ether ETPs, welcoming products from two issuers.

The development comes after the Financial Conduct Authority (FCA) approved multiple prospectuses for crypto exchange-traded notes (ETNs) on May 22, paving the way for the UK to potentially become a digital assets hub.

Bitcoin and Ether ETPs on LSE

On May 28, LSE introduced its first batch of physically-backed Bitcoin and Ether ETPs issued by WisdomTree and 21Shares.

WisdomTree reportedly listed two ETPs while 21Shares launched four products, including 21Shares Bitcoin ETP (ABTC), 21Shares Bitcoin Core ETP (CBTC), 21Shares Ethereum Staking ETP (AETH), and 21Shares Ethereum Core ETP (ETHC).

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While WisdomTree has yet to comment on the listing, 21Shares issued a press statement on the development on Tuesday. The asset manager welcomed the listing, noting that it marked the company’s official entrance into the UK market.

“The milestone marks the latest expansion in 21Shares’ global growth, providing professional and institutional investors with regulated, transparent, and secure access to the rapidly evolving cryptocurrency market and asset class,” the statement read.

21Shares co-founder Hany Rashwan also lauded the listing and expressed confidence in meeting the growing demand for institutional exposure to cryptocurrencies as part of a balanced investment portfolio.

“That demand already exists, and we are helping to supply the products to meet that demand.” Rashwan stated.

In the meantime, trackers for the listed ETPs are seemingly not live and the UK’s ban on retail trading of crypto ETNs still stands.

Read about a UK woman who was sentenced for participating in a $6B Bitcoin-related fraud:
UK Woman Sentenced For Laundering Bitcoin Tied to $6B Fraud

Stay updated on Crypto.com’s recent win in the UK:
Crypto.com Wins Electronic Money Institution License in the UK