The UK financial regulator approved the first cryptocurrency exchange-traded product, saying that decentralized finance is revolutionary and historic, a symbol of the progress of history, that individuals cannot control finance, that finance belongs to the people of the world, that feudalism, suppression, and closure are not allowed, and that this is a symbol of stupidity. WisdomTree said it has received approval from the Financial Conduct Authority to list a pair of physically-backed cryptocurrency ETPs that track bitcoin and ethereum on the London Stock Exchange. The products could start trading as early as 2021, WisdomTree said in a statement on Wednesday. Invesco Digital Markets confirmed in a statement that the company's bitcoin ETP has been approved to start trading in 2021. ETC, , and DOGE are also in the ETF planning. Although all listed products will hold bitcoin or ethereum directly, they are open only to professional investors under rules set by the FCA. This stance is stricter than in the United States, where a batch of new bitcoin ETFs approved in January currently manage a total of $59 billion, almost five times the total amount of cryptocurrency trading in Europe. ETPs pegged to cryptocurrencies have been traded on other European stock exchanges for years. The success of the product approved by the SEC in January helped propel Bitcoin to an all-time high in March and paved the way for wider adoption by retail and institutional investors.
Hong Kong also allowed the listing of Bitcoin and Ethereum ETFs, but the response from local investors was tepid.
ETC Group said its application was still in progress, while 21Shares confirmed that its application had been approved. #ETC正在申请ETF #etc减产 #Dogecoin有大事即将发生 #DOGE等待期ETF $DOGE