I think the fact that these products will now be available on the London Stock Exchange does show progress and I think within three years from now the UK will be home to the largest crypto exchange-traded fund market in Europe.
From a 21Shares perspective I would add that, as the world's largest issuer of crypto-backed ETPs with more than 40 products listed on 11 Exchanges, we're proud to be part of this historic moment as we make our Bitcoin and Ethereum products available to UK investors in both GBP and USD.
However, Pollak stressed that Tuesday's Bitcoin and Ethereum ETN listing on the LSE will be for professional investors only, as there is currently a retail ban on trading Bitcoin and Ethereum ETNs in the UK.
CryptoUK, a trade body representing the digital asset sector, is pleased to see that the FCA has approved the applications of some providers to list physically-backed Bitcoin and Ethereum ETPs on the LSE.
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