The UK's Financial Conduct Authority (FCA) has approved WisdomTree's application to list its Bitcoin and Ethereum exchange-traded products (ETPs) on the London Stock Exchange (LSE).

This decision is in line with the recent approval of Bitcoin spot ETFs in the US and Hong Kong,

WisdomTree was one of the first companies to receive FCA approval for a Bitcoin ETP prospectus. The FCA's change of stance highlights the growing acceptance of Bitcoin ETFs in major markets, while the ban on retail investor participation remains.

The move is seen as part of a trend of increasing institutional interest in Bitcoin ETFs, with recent SEC filings showing significant acquisitions of US spot Bitcoin ETFs by large financial institutions.WisdomTree will charge a 0.35% expense ratio on its Bitcoin ETP on the LSE. The company also offers Bitcoin ETPs on various European exchanges and operates a Bitcoin ETF in the US. Analysts predict that this FCA approval could increase institutional adoption by lowering regulatory barriers for UK investors, signaling broader acceptance of Bitcoin in traditional financial markets.

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