UK Gets Its First Low-Cost Crypto ETPs as WisdomTree Lands FCA Approval
- UK regulatory approval paves the way for wider institutional crypto adoption.
- WisdomTree offers low-cost, physically-backed Bitcoin and Ethereum ETPs on the LSE.
- The SEC’s approval of Bitcoin ETFs in the US has led to adoption by other countries.
In a move that could significantly expand access to cryptocurrencies for institutional investors in the UK, WisdomTree received approval from the Financial Conduct Authority (FCA) to list its Physical Bitcoin (BTCW) and Ethereum (ETHW) exchange-traded products (ETPs) on the London Stock Exchange (LSE).
The listing, expected for May 28th, comes just two months after the LSE’s initial announcement and positions WisdomTree as one of the first issuers to secure a crypto ETP listing with the FCA.
These physically-backed ETPs boast a competitive Management Expense Ratio (MER) of 0.35%, making them among the most affordable institutional-grade crypto exposure in Europe.
Reacting to this news, Alexis Marinof, Head of Europe at WisdomTree, emphasized that this listing is essential for industry growth and will increase crypto participation in the UK market. He stated:
“FCA approval in this respect could result in…
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