WisdomTree has received regulatory approval from the UK’s Financial Conduct Authority to list its Physical Bitcoin and Physical Ethereum ETPs on the London Stock Exchange.
The listing is expected to take place on 28 May, with the exchange-traded products to become available only to professional investors.
WisdomTree’s head of Europe Alexis Marinof said: “The FCA approval of our crypto ETPs’ prospectus is a significant step forward for the industry and UK-based professional investors seeking exposure to the asset class.
“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.”
WisdomTree’s crypto ETPs are currently already listed on the Deutsche Börse Xetra, the SIX Swiss Stock Exchange and Euronext exchanges in Paris and Amsterdam.
The ETPs will have a 0.35% management expense ratio.
