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.