WisdomTree to list crypto products on London Stock Exchange

Investors are increasingly buying cryptocurrencies via ETPs, even as regulators warn about the risks.

Bitcoin's price surged after the (SEC) approved exchange-traded funds in January, and cryptocurrencies have gained in recent days on expectations that the SEC approve a similar for the second-biggest cryptocurrency, ether.

The two WisdomTree products give investors exposure to the underlying cryptocurrencies: one for bitcoin and one for ether. They are expected to be listed on May 28, WisdomTree said in a statement, adding that it was "amongst the first issuers" to have its crypto ETPs approved by the FCA.

"While UK-based professional investors have been able to allocate to crypto ETPs via overseas exchanges, they will soon have a more convenient access point," said Alexis Marinof, head of Europe at WisdomTree.

"FCA approval in this respect could result in greater institutional adoption of the asset class."

The FCA has warned that cryptocurrencies are highly risky and largely unregulated.

It bans selling them to retail investors, saying the products are "ill-suited for retail consumers due to the harm they pose".

"Those who invest should be prepared to lose all their money," the regulator said in March.

Source: Forex-Markets-Economic Times

Последние публикации
Extreme Greed Dominates Crypto Market
22.11.2024 - 17:00
Bitcoin up 500% Since Historic Crash Below $16,000 Two Years Ago
22.11.2024 - 16:00
Bitcoin price today: steadies at $97.5k after nearly hitting $100k milestone
22.11.2024 - 16:00
Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets
22.11.2024 - 16:00
Elon Musk’s Meme Alert Sparks Crypto Community’s Heated Reaction: Details
22.11.2024 - 16:00
Peter Schiff Reveals Who Pumped Bitcoin (BTC) to $99,180
22.11.2024 - 15:00
Paribu Announces Digital Asset Custody Service for Institutional Clients Worldwide
22.11.2024 - 14:00
'Rich Dad Poor Dad' Author Says Bitcoin About to Surpass $100,000: ‘Hang On Tight’
22.11.2024 - 14:00
Bybit Strengthens Partnerships and Explores Islamic Finance Innovation at Exclusive Forum
22.11.2024 - 13:00
Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance
22.11.2024 - 10:00
Bitcoin price today: nears $100k milestone on Trump cheer
22.11.2024 - 08:00
Shiba Inu (SHIB) Rocket Fuel Pattern Here, Bitcoin (BTC) Ready for Fundamental Shift at $100,000, Solana's (SOL) Road to $300 Continues
22.11.2024 - 05:00
EOS Climbs 11% In a Green Day
22.11.2024 - 04:00
Bigger Rocket Needed: Michael Saylor Reacts to Bitcoin's Surge Past $98,000
21.11.2024 - 22:00
Bybit x Block Scholes Quarterly Institution Report: Markets Anticipate Watershed Moments as Trump Returns as the “Crypto President”
21.11.2024 - 20:00

© Analytic DC. All Rights Reserved.

new
Анализ рынка Как повлият завтра отчет NFP на курс доллара США?