Categories: MarketsMenafn

London Welcomes Crypto ETP Surge

Renowned for its financial prowess, the city of London is gearing up for a significant influx of crypto exchange-traded products (ETPs), heralding a new chapter in the city’s financial landscape. 

With giants like CoinShares, WisdomTree, and ETC Group setting their sights on the London Stock Exchange (LSE), the stage is set for a dynamic evolution in the crypto investment sphere.

London’s Crypto ETP Landscape: Regulatory Shift, Institutional Focus

The Financial Conduct Authority (FCA) recently relaxed some rules, which set the stage for this change. Even though people in the industry have praised the move, it could be criticized because retail investors still can’t buy crypto ETPs on the LSE.

Bradley Duke, chief analyst of Europe’s crypto fund, ETC Group, discussed how important the LSE market was and how hopeful he was that the retail ban would be lifted soon.

Despite the FCA’s restriction to “professional investors only,” the European crypto ETP market, with a combined sum of $14.2 billion, continues to attract major players. While VanEck, CoinShares, and WisdomTree have shown keen interest in exploring listing opportunities, some issuers, like 21Shares, have adopted a cautious approach. Mandy Chiu, head of financial product development at 21Shares, hailed the approval of crypto ETPs on the LSE as “encouraging” but stated the firm’s intent to monitor the situation before committing to U.K.-listed products.

The London Stock Exchange announced earlier that it will start accepting applications for Bitcoin (BTC) and Ethereum (ETH) crypto exchange-traded notes (ETNs) in the second quarter of 2024. However, only investment firms, credit institutions, pension funds, and insurance companies can view the information.

This is an essential development for the FCA because it means that crypto ETPs will no longer be banned entirely, which is different from what other countries are seeing. London’s decision to match its rules with those in Europe, Australia, Brazil, Canada, and the U.S. shows that it is determined to change with the times when it comes to cryptocurrencies.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

StealthEX Now Offers 2,000+ Cryptocurrencies for Instant Exchange

StealthEX has achieved a groundbreaking milestone in its mission to democratize crypto exchanges: the platform…

23 hours ago

StealthEX Now Offers 2,000+ Cryptocurrencies for Instant Exchange

StealthEX has achieved a groundbreaking milestone in its mission to democratize crypto exchanges: the platform…

2 days ago

How Decodo Helps to Scale Data Collection for AI Agents

Vilnius, Lithuania, 4th June 2025, ZEX PR WIRE, Decodo, a leading platform for testing, launching,…

2 days ago

A New Blueprint for DeFi: How AKAS DAO Challenges the Status Quo

Denmark, Europe, 4th June 2025, ZEX PR WIRE, Decentralized Finance (DeFi) was once seen as…

2 days ago

SALUTS Unveils Robot-Defined Operations at Web Summit Qatar: Pioneering Future AI Autonomy In-Space and On-Earth

Munich, Germany, 3rd June 2025, ZEX PR WIRE, SALUTS (formerly Salutes Space) a leader in…

3 days ago

BET20 Casino Launches with €12,000 Crypto Bonus and Over 10,000 Games – No KYC, Instant Withdrawals

Huge Prizes Await: BET20 Crypto Casino Launches with Welcome Bonuses Up to €12,000 + 150…

3 days ago