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Showing posts with the label 1) #CryptoETFs 2) #FCAapproval 3) #BTCWisdomTree 4) #ETHWapproved 5) #cryptoinvestments 6) #institutionalinvestors 7) #mainstreamadoption 8) #LondonStockExchange

UK green light for first physical bitcoin and ethereum ETFs

FCA Approves Physically Backed Crypto ETFs WisdomTree, a global asset manager, has received approval from the UK's Financial Conduct Authority (FCA) to list two exchange-traded products on the London Stock Exchange. These products will be the UK's first 'physically backed' bitcoin and ethereum exchange-traded funds (ETFs). This marks a major milestone for the crypto industry as it opens up a new avenue for investors to gain exposure to cryptocurrencies. What is a Physically Backed Crypto ETF? A physically backed crypto ETF is an investment product that tracks the performance of a specific cryptocurrency, in this case bitcoin and ethereum, by holding the actual assets. This means that for every share of the ETF, there is a certain amount of the underlying cryptocurrency held in custody. This is different from a futures-backed ETF, which tracks the performance of the cryptocurrency through futures contracts. The Significance of FCA Approval The FCA's approval ...
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