Odaily Planet Daily News Asset management company WisdomTree (WT) has obtained approval from the UK Financial Conduct Authority (FCA) to launch cryptocurrency exchange-traded products (ETPs) on the London Stock Exchange (LSE). According to Wednesday's announcement, WisdomTree's physical Bitcoin (BTCW) and physical Ethereum (ETHW) ETPs are expected to start trading on May 28 and will be open only to professional investors with a fee of 35 basis points. WisdomTree said it was one of the first applicants to have its prospectus approved by UK regulators. WisdomTree has more than $111 billion in global assets under management, and its WisdomTree Bitcoin Fund (BTCW) is one of the Bitcoin spot ETFs approved by the United States in January. Since 2019, WisdomTree has offered cryptocurrency products on European exchanges. (CoinDesk)