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Author: Emily Nicolle, Bloomberg; Compilation: White Water, Bit Chain Vision Realm
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Wisdomtree became the first company to be listed in London;
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According to the guidelines of the London Stock Exchange, the earliest transaction may begin on May 28.
The British financial regulatory agency approved the first cryptocurrency exchange trading product, which is a step in catching up with other financial centers of digital assets.
Wisdomtree said it has been approved by the Financial Behavior Regulatory Bureau to list a pair of cryptocurrency ETPs that track the physical support of Bitcoin and Ethereum on the London Stock Exchange.Wisdomtree said in a statement on Wednesday that these products are the earliestIt may start trading on May 28.Invesco Digital Markets confirmed in a statement that the company’s Bitcoin ETP has been approved and is expected to start on May 28.
Pubins such as ETC Group, 21Shares and Coinshares have applied to list their own encryption products in the UK.As of 12 noon on Wednesday, the approval of Wisdomtree, 21Shares and Invesco Digital Markets PLC showed a website on FCA.This is the last period that was included in the first trading day.
Although all listed products will directly hold Bitcoin or Ethereum, they will only open to professional investors according to the rules formulated by FCA.This position is stricter than the United States. A group of new Bitcoin ETF approved by the United States in January currently reached 59 billion US dollars, which is almost five times that of European cryptocurrency transactions.
ETP linked to cryptocurrencies has been traded on other European Stock Exchange for many years.The success of the products approved by the US Securities and Exchange Commission in January promoted Bitcoin’s historical high in March, and paved the road for retail investors and institutional investors to use Bitcoin.
Hong Kong also allows Bitcoin and Ethereum ETF to be listed, but local investors’ reactions are tepid.
ETC Group said its application is still in progress, and 21Shares confirms its application has been approved.
Both CoinShares and FCA refused to comment.
