London Stock Exchange Lists Physically Backed Bitcoin and Ethereum ETPs Today
PANews reported on May 28 that WisdomTree will list WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW) ETPs on the London Stock Exchange (LSE) today. These ETPs have a management expense ratio (MER) of 0.35%, one of the lowest fees among institutional-grade Bitcoin and Ethereum ETPs, and are fully backed by the underlying asset. WisdomTree is one of the first issuers approved to list crypto ETPs on the LSE, which are currently only open to professional investors.
It was reported last week that the crypto ETPs of WisdomTree, 21Shares and Invesco have all been approved by the UK FCA, and all approved crypto ETPs are expected to go online on May 28.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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