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Crypto Exchange-Traded Products Get UK Regulatory Green Light
The UK’s financial regulator approved the first cryptocurrency exchange-traded products, a step toward catching up to other financial centers in digital assets. WisdomTree Inc. said it received the green light from the Financial Conduct Authority to list a pair of physically-backed crypto ETPs tracking Bitcoin and Ether on the London Stock Exchange. The products may start trading as soon as May 28, WisdomTree said in a statement Wednesday. ETC Group, 21Shares and CoinShares are among other issuers who have applied to list their own crypto products in the UK. An FCA website displaying approvals listed entries from ... (full story)