WisdomTree has received approval from the Financial Conduct Authority to list its physically-backed Bitcoin and Ethereum ETPs on the London Stock Exchange. This approval allows WisdomTree to introduce the WisdomTree Physical Bitcoin and WisdomTree Physical Ethereum ETPs, targeting the May 28 lifting of UK restrictions. These ETPs, available exclusively to professional investors, have a management expense ratio of 0.35%, making them reportedly among the lowest fee institutional-grade crypto ETPs in Europe.Alexis Marinof, WisdomTree’s Head of Europe, emphasized the importance of this regulatory approval in providing UK-based professional investors with easier access to digital assets. Marinof noted that FCA approval could potentially increase institutional adoption, removing previous regulatory barriers that limited exposure to Bitcoin and other cryptocurrencies.WisdomTree’s current offerings, listed on major European exchanges such as Deutsche Börse Xetra, the Swiss Stock Exchange SIX, and Euronext, include eight physically backed crypto ETPs that provide spot price exposure to individual coins and diversified crypto baskets.Other issuers, including ETC Group and CoinShares, are also preparing to list their crypto ETPs on the LSE, complying with the FCA’s regulatory requirements. Given recent guidance from the FCA, it is essentially a box-checking exercise for established ETP issuers at this stage.WisdomTree’s initiative, combined with potential interest from other major European crypto players like VanEck, signals a growing momentum towards regulated and institutional-grade crypto investment products in the UK market. However, for now, retail investors are being left out and thus deemed incapable of handling Bitcoin purchases via ETPs.Also known as “Akiba,” Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.CryptoSlate is a comprehensive and contextualized source for crypto news, insights, and data. Focusing on Bitcoin, macro, DeFi and AI. Follow us on X for your essential dose of daily crypto news and deep dives.The judge eyes severe penalties and custodial sentences for Wright in the COPA case.Binance and other companies do not oppose certification of the case under the UK’s collective proceedings regime, which will bring the case to trial.The attacker advised the community to withdraw their assets from Pump.fun, while threatening further legal action.Judge Mellor issued a lengthy 231 page judgment on Dr. Craig Wright’s fraud today, categorically refuting his claim to be Satoshi.Miller argued that the flagship crypto remains vastly undervalued and predicts a major shift in global capital governance.The report highlights significant gaps in law enforcement’s ability to track and recover illicit digital assets moved via privacy coins, layer-2 networks, and crypto mixers. DeFi Technologies recently adopted BItcoin as its primary treasury reserve asset.Japanese firm Metaplanet saw its stock surge 10% after its most recent Bitcoin acquisition.CryptoSlate’s latest market report dives deep into the effects corporate Bitcoin purchases have on the market.Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
