“London Stock Exchange” lists Bitcoin and Ethereum ETFs

Trading in cryptocurrency products following Bitcoin and Ethereum has become accessible to investors on the London Stock Exchange, which recently resorted to rapprochement with financial leaders in digital assets by listing two digital currency trading companies.

According to CNBC, this measure comes after the Financial Regulatory Authority approved the first cryptocurrency trading products from publishing companies including Wisdom Tree and 21 Shares last week, according to a statement by the two companies.

In a statement on Tuesday, 21 Shares said it has launched four new cryptocurrency-paid notes ETNs. Offerings include: 21Shares Bitcoin ETN, 21Shares Ethereum Staking ETN, 21Shares Bitcoin Core ETN, and 21Shares Ethereum Core ETN.

Rival WisdomTree has also entered into the fray with two ETFs it already supports: WisdomTree Physical Bitcoin and WisdomTree Physical Ethereum ETFs.

Despite holding Bitcoin or Ethereum directly, these new crypto products are restricted to professional investors only, under Financial Supervision Authority regulations.

This strict approach differs from the procedures of the United States, where recently approved bitcoin ETFs manage approximately $59 billion. This is approximately five times the total cryptocurrency trading volume in Europe.

Earlier this month, Alun Kern, a Conservative member of the British Parliament, urged the Financial Supervision Authority to review its ban on cryptocurrency ETFs for retail investors, expressing concern about the delay in the UK’s position, stressing that the public will miss the opportunity to benefit.

Last week, the United States surprised the market with early approval of spot Ethereum ETFs, as the US Securities and Exchange Commission gave the green light to spot Ethereum ETFs. This represents a major shift in the market.