{"id":166403,"date":"2024-05-22T13:43:47","date_gmt":"2024-05-22T13:43:47","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=166403"},"modified":"2024-05-22T13:43:51","modified_gmt":"2024-05-22T13:43:51","slug":"this-is-super-bullish-wisdomtree-obtains-fca-approval-for-crypto-etps-on-the-london-stock-exchange","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/this-is-super-bullish-wisdomtree-obtains-fca-approval-for-crypto-etps-on-the-london-stock-exchange\/","title":{"rendered":"This is Super Bullish! WisdomTree Obtains FCA Approval for Crypto ETPs on the London Stock Exchange"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">FCA Approves WisdomTree\u2019s Crypto ETPs<\/span><\/strong><span data-preserver-spaces=\"true\">: The UK\u2019s Financial Conduct Authority has authorized WisdomTree to list Bitcoin and Ethereum exchange-traded products on the London Stock Exchange, marking a significant advancement for cryptocurrency in mainstream finance.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Cost-Effective Institutional Crypto Products<\/span><\/strong><span data-preserver-spaces=\"true\">: With a low management expense ratio, these ETPs are set to be some of the most economical institutional-grade cryptocurrency offerings in Europe, available for trading to professional investors starting May 28.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Continued Exclusion of Retail Investors<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: Despite this progressive step, the FCA maintains its stance on protecting retail investors by continuing the ban on the sale of crypto asset-backed ETNs and derivatives to non-professional consumers.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">In a landmark decision,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">the Financial Conduct Authority (FCA) has given the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.wisdomtree.eu\/en-gb\/press-room\/tabs\/latest-news\/wisdomtree-obtains-approval-to-list-physically-backed-bitcoin-and-ethereum-etps-on-the-lse\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">nod\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">to WisdomTree<\/span><\/strong><span data-preserver-spaces=\"true\">, an asset management firm,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">to list its<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/cryptocurrencies\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Bitcoin\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">and Ethereum\u00a0<\/span><strong><span data-preserver-spaces=\"true\">exchange-traded products (ETPs) on the London Stock Exchange (LSE).\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">This move marks a significant milestone for the cryptocurrency industry and WisdomTree alike.<\/span><!--more--><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">A Leap Forward for Crypto in Traditional Finance<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The approved ETPs,\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">which boast a competitive management expense ratio of just 35 basis points,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">are set to enhance the legitimacy of\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-are-cryptocurrencies-and-which-are-the-best-to-invest-in\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">cryptocurrencies\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">within the traditional finance sector.<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0These products are among the most cost-effective institutional-grade cryptocurrency offerings in Europe.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">WisdomTree ETPs Set to Trade in Six Days<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Starting May 28,<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0WisdomTree\u2019s Physical Bitcoin (BTCW) and Physical Ethereum (ETHW)\u00a0<\/span><strong><span data-preserver-spaces=\"true\">will be available for trading<\/span><\/strong><span data-preserver-spaces=\"true\">, exclusively targeting professional investors.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Alexis Marinof, the Head of Europe at WisdomTree, views the FCA\u2019s approval as a pivotal moment that could pave the way for increased institutional adoption of cryptocurrencies.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The regulatory green light is expected to lower the barriers<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0that have prevented professional investors from accessing the crypto market due to regulatory constraints and uncertainties.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">WisdomTree\u2019s Foray into Crypto-Backed Instruments<\/span><\/h2>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-166404\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/WisdomTree.jpg\" alt=\"This is Super Bullish! WisdomTree Obtains FCA Approval for Crypto ETPs on the London Stock Exchange\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/WisdomTree.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/WisdomTree-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/WisdomTree-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">WisdomTree is no stranger to the world of cryptocurrency-backed financial instruments. In 2019,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">the company was the first to introduce physically-backed Bitcoin ETPs<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0to European investors.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Today, WisdomTree\u2019s portfolio has grown to include eight different crypto ETPs, offering direct price exposure to major cryptocurrencies like Bitcoin and Ethereum, as well as a basket of other digital assets.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">FCA\u2019s Stance on Retail Investors<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">While the FCA has opened doors for professional investors,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">it maintains strict guidelines<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0that exclude retail investors from engaging with these high-risk crypto products.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The authority continues to enforce a ban on the sale of crypto asset-backed ETNs and cryptocurrency derivatives to non-professional consumers, citing suitability concerns.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Expanding Horizons<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The FCA\u2019s latest move is in line with its statements back in March<\/span><\/strong><span data-preserver-spaces=\"true\">, showing a readiness to entertain ETP listings from financial institutions aimed at professional investors.\u00a0<\/span><strong><span data-preserver-spaces=\"true\">This development is indicative of a broader trend\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">towards integrating cryptocurrency into formal financial markets.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The LSE has also expressed its willingness to consider applications for Bitcoin and Ethereum-based products starting this quarter.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">WisdomTree\u2019s crypto ETPs are already listed on several prominent European exchanges, including Deutsche B\u00f6rse Xetra, the Swiss Stock Exchange SIX, and Euronext exchanges in Paris and Amsterdam. This widespread listing underscores the growing acceptance and institutionalization of cryptocurrencies.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR FCA Approves WisdomTree\u2019s Crypto ETPs: The UK\u2019s Financial Conduct Authority has authorized WisdomTree to list Bitcoin and Ethereum exchange-traded products on the London Stock Exchange, marking a significant advancement for cryptocurrency in mainstream finance. Cost-Effective Institutional Crypto Products: With a low management expense ratio, these ETPs are set to be some of the most &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"This is Super Bullish! WisdomTree Obtains FCA Approval for Crypto ETPs on the London Stock Exchange\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/this-is-super-bullish-wisdomtree-obtains-fca-approval-for-crypto-etps-on-the-london-stock-exchange\/#more-166403\" aria-label=\"More on This is Super Bullish! WisdomTree Obtains FCA Approval for Crypto ETPs on the London Stock Exchange\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":166405,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4602,5536,4679,5551],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166403"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=166403"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166403\/revisions"}],"predecessor-version":[{"id":166406,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166403\/revisions\/166406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/166405"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=166403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=166403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=166403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}