First Bitcoin ETPs Begin Trading On London Stock Exchange
Portfolio Pulse from Benzinga Neuro
The first Bitcoin exchange-traded products (ETPs) have started trading on the London Stock Exchange, marking a significant milestone for cryptocurrency adoption in the U.K. Asset managers WisdomTree and 21Shares listed Bitcoin ETPs, including 21Shares Bitcoin ETN (ABTC), 21Shares Bitcoin Core ETN (CBTC), and WisdomTree Physical Bitcoin ETN (BTCW). These products are currently accessible only to professional investors under FCA regulations.
May 28, 2024 | 12:51 pm
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POSITIVE IMPACT
21Shares introduced the 21Shares Bitcoin ETN (ABTC) on the London Stock Exchange, offering professional investors regulated exposure to Bitcoin.
The introduction of ABTC on the LSE offers a new regulated investment option for professional investors, which could drive demand for the product and positively impact its price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Bitcoin ETPs have started trading on the London Stock Exchange, marking a significant milestone for cryptocurrency adoption in the U.K. This could increase institutional interest and demand for Bitcoin.
The launch of Bitcoin ETPs on the LSE is a significant development that could drive institutional interest and demand for Bitcoin, potentially leading to a positive impact on its price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
WisdomTree launched its Physical Bitcoin ETN (BTCW) on the London Stock Exchange, providing professional investors with regulated exposure to Bitcoin.
The launch of BTCW on the LSE provides a new regulated investment vehicle for professional investors, which could increase demand for the product and positively impact its price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
21Shares launched the 21Shares Bitcoin Core ETN (CBTC) on the London Stock Exchange, providing professional investors with regulated exposure to Bitcoin.
The launch of CBTC on the LSE provides a new regulated investment vehicle for professional investors, which could increase demand for the product and positively impact its price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70