Regulation
Exchange-Traded Crypto Products Gain UK Regulatory Approval (2)
The UK’s financial regulator has approved the first exchange-traded cryptocurrency products, a step towards catching up with other financial centers in the digital asset sector.
<-rte-company state="{"_id":"0000018f-a192-df02-a7ef-ed923cb90000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">WisdomTree Inc.-rte-company > said it had received the green light from <-bsp-bb-link state="{"bbHref":"bbg://securities/2630281Z%20LN%20Equity","_id":"0000018f-a192-df02-a7ef -ed923cb90001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Financial Conduct Authority-bsp-bb-link> to list a pair of physically backed crypto ETPs that track Bitcoin and Ether on the <- rte-company state="{"_id":"0000018f-a192-df02-a7ef-ed923cb90002","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">London Stock Exchange-rte-company>. The products could begin trading as early as May 28, WisdomTree said in a note Wednesday. Invesco Digital Markets confirmed in a statement that the company has received approval for its Bitcoin ETP and expects trading to begin on May 28.
ETC Group, 21Shares and CoinShares…