That’s some exciting news! 🎉
Fidelity International has just listed its Physical Bitcoin Exchange-Traded Product (ETP) on the London Stock Exchange. This means the ETP will track Bitcoin’s price movements and is fully backed by actual Bitcoin. 🪙
This is a big deal because it gives professional investors in the UK a regulated and secure way to invest in Bitcoin. 📈 The Financial Conduct Authority (FCA) recently allowed exchanges to create a market segment for crypto asset-backed Exchange Traded Notes (cETNs), which are available only to professional investors.
What do you think? Will this move encourage more institutional investment in Bitcoin? 🚀
