{"id":25447,"date":"2024-05-28T11:04:04","date_gmt":"2024-05-28T11:04:04","guid":{"rendered":"https:\/\/bitcoins-101.com\/2024\/05\/28\/bitcoin-etps-begin-trading-on-the-london-stock-exchange\/"},"modified":"2024-05-28T11:04:04","modified_gmt":"2024-05-28T11:04:04","slug":"bitcoin-etps-begin-trading-on-the-london-stock-exchange","status":"publish","type":"post","link":"https:\/\/bitcoins-101.com\/2024\/05\/28\/bitcoin-etps-begin-trading-on-the-london-stock-exchange\/","title":{"rendered":"Bitcoin ETPs Begin Trading on the London Stock Exchange"},"content":{"rendered":"<p>The first <a href=\"https:\/\/bitcoinmagazine.com\/guides\/best-bitcoin-only-exchanges\">bitcoin exchange<\/a>-traded products (ETPs) have debuted trading on the London Stock Exchange after r<a href=\"https:\/\/bitcoinmagazine.com\/business\/bitcoin-etps-get-approval-to-list-on-the-london-stock-exchange\">eceiving approval<\/a> from the UK&#8217;s Financial Conduct Authority. Asset managers WisdomTree and 21Shares both listed bitcoin ETPs on the LSE today.<\/p>\n<p>NEW: \ud83c\uddec\ud83c\udde7<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETPs will start trading on the London Stock Exchange today.<\/p>\n<p>Are you prepared? \ud83d\udc40 <a href=\"https:\/\/t.co\/llurxr1NjC\">pic.twitter.com\/llurxr1NjC<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1795374448763388161?ref_src=twsrc%5Etfw\">May 28, 2024<\/a><\/p>\n<p>Last week, the FCA gave the green light for Bitcoin ETNs to be listed on the exchange. This enabled today&#8217;s launch from issuers who had been awaiting regulatory clearance to bring Bitcoin ETNs to the LSE.<\/p>\n<p>21Shares listed two Bitcoin products: the 21Shares Bitcoin ETN (<a href=\"https:\/\/www.londonstockexchange.com\/turquoise-stock\/E:2BTCD\">ABTC<\/a>) and 21Shares Bitcoin Core ETN (CBTC). Meanwhile, WisdomTree launched its Physical Bitcoin ETN <a href=\"https:\/\/www.londonstockexchange.com\/turquoise-stock\/E:BTCWZ\">(BTCW)<\/a>.<\/p>\n<p>All the ETNs provide exposure to the price of bitcoin. They are currently only accessible to professional investors under FCA rules. &#8220;But the game-changer in the UK will be when the retail ban is lifted; there is a retail ban on trading bitcoin and ether ETNs at the moment&#8221;, Alex Pollak, head of UK for 21Shares, mentioned. <\/p>\n<p>                        <a href=\"https:\/\/bm.b.tc\/unchained-bmag-dot-com\"><\/a><br \/>\n                        <em>Click the image to learn more.<\/em><\/p>\n<p>Today&#8217;s debut is a milestone for both Bitcoin adoption and London&#8217;s aspirations to be a digital asset hub. Other major financial centers like the US, Europe and Hong Kong already offer regulated bitcoin funds, pressing the FCA to catch up.<\/p>\n<p>21Shares co-founder Ophelia Snyder\u00a0emphasised, &#8220;The UK is one of the deepest, most liquid capital markets in the world.&#8221;<\/p>\n<p>The FCA is taking a phased approach to opening its market. Listing bitcoin ETNs enables professional investors to gain regulated exposure to crypto assets on the LSE for the first time.<\/p>","protected":false},"excerpt":{"rendered":"<p>The first bitcoin exchange-traded products (ETPs) have debuted trading on the London Stock Exchange after receiving approval from the UK&#8217;s Financial Conduct Authority. Asset managers WisdomTree and 21Shares both listed bitcoin ETPs on the LSE today. NEW: \ud83c\uddec\ud83c\udde7#Bitcoin ETPs will start trading on the London Stock Exchange today. Are you prepared? \ud83d\udc40 pic.twitter.com\/llurxr1NjC \u2014 Bitcoin [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25447","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/25447"}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=25447"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/25447\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=25447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=25447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=25447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}