WisdomTree to List Bitcoin and Ethereum ETPs on London Stock Exchange

Odaily News Asset management company WisdomTree (WT) has received approval from the UK Financial Conduct Authority (FCA) to list cryptocurrency exchange-traded products (ETPs) on the London Stock Exchange (LSE). According to an announcement on Wednesday, WisdomTree's physical Bitcoin (BTCW) and physical Ethereum (ETHW) ETPs are expected to begin trading on May 28 and will be open only to professional investors with a fee of 35 basis points. WisdomTree said it was one of the first applicants to receive approval for its prospectus from the UK regulator. WisdomTree has more than $111 billion in global assets under management, and its WisdomTree Bitcoin Fund (BTCW) is one of the bitcoin spot ETFs approved by the United States in January. WisdomTree has offered cryptocurrency products on European exchanges since 2019. (CoinDesk)