The FCA approved WisdomTree to list Bitcoin ETPs for professional investors, following US and Hong Kong approvals, marking a shift in the regulator's stance.
WisdomTree is among the first to get FCA approval, indicating their shift from banning such offerings in 2020 amidst growing institutional adoption.
WisdomTree's Bitcoin ETPs will have a 0.35% expense ratio, aiming to attract institutional investors while keeping the ban for UK retail investors.
With the FCA's approval, some anticipate greater institutional adoption and reduced regulatory barriers, affirming Bitcoin's legitimacy in the UK market.
[
Collection
]
[
|
...
]