WisdomTree has received approval from the Financial Conduct Authority (FCA) for its prospectus, enabling it to list the WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW) ETPs on the London Stock Exchange (LSE). This makes WisdomTree one of the first issuers to have its prospectus for crypto ETPs approved by the FCA.
The 100% physically backed Bitcoin and Ethereum ETPs will be listed on the LSE on Tuesday May 28th, initially available only to professional investors. These ETPs have a management expense ratio (MER) of 0.35%, which is one of the lowest fee levels for institutional-grade Bitcoin and Ethereum ETPs in Europe.