The first bitcoin exchange<\/a>-traded products (ETPs) have debuted trading on the London Stock Exchange after receiving approval<\/a> from the UK’s Financial Conduct Authority. Asset managers WisdomTree and 21Shares both listed bitcoin ETPs on the LSE today.<\/p>\n NEW: \ud83c\uddec\ud83c\udde7#Bitcoin<\/a> ETPs will start trading on the London Stock Exchange today.<\/p>\n Are you prepared? \ud83d\udc40 pic.twitter.com\/llurxr1NjC<\/a><\/p>\n \u2014 Bitcoin Magazine (@BitcoinMagazine) May 28, 2024<\/a><\/p>\n Last week, the FCA gave the green light for Bitcoin ETNs to be listed on the exchange. This enabled today’s launch from issuers who had been awaiting regulatory clearance to bring Bitcoin ETNs to the LSE.<\/p>\n 21Shares listed two Bitcoin products: the 21Shares Bitcoin ETN (ABTC<\/a>) and 21Shares Bitcoin Core ETN (CBTC). Meanwhile, WisdomTree launched its Physical Bitcoin ETN (BTCW)<\/a>.<\/p>\n All the ETNs provide exposure to the price of bitcoin. They are currently only accessible to professional investors under FCA rules. “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”, Alex Pollak, head of UK for 21Shares, mentioned. <\/p>\n