The physical ETPs will only be available to professional and institutional investors as the retail ban on crypto trading and sale of crypto derivatives
Bitcoin and Ethereum-based exchange-traded products (ETPs) are set to debut on the London Stock Exchange (LSE) following approval by the Financial Conduct Authority (FCA) on May 22.
WidomTree’s physical Bitcoin ETP with ticker symbol WBTC and the physical Ethereum ETP (WETH) will be among the first set of crypto ETPs to be listed in the United Kingdom and are expected to begin trading on May 28, reported ETF Stream.
The physical ETPs will only be available to professional and institutional investors as the retail ban on crypto trading and sale of crypto derivatives and ETPs was enacted in January 2021. The listing of WisdomTree's two ETPs comes nearly two months after the LSE’s public notice.
