Crypto asset manager Bitwise expands its crypto-focused exchange-traded products (ETPs) to the London Stock Exchange by listing four Bitcoin and Ether ETPs.
Bitwise expands its exchange-traded products to the London Stock Exchange, but retail investors in the United Kingdom remain locked out.The listings include the Bitwise Core Bitcoin ETP, the Bitwise Physical Bitcoin ETP, Bitwise's Physical Ethereum ETP, and the Bitwise Ethereum Staking ETP, according to the April 16 announcement.
The products are available to institutional or otherwise-qualified investors with an accreditation, and not open to retail investors. Bitwise is applying to launch crypto investment vehicles as digital assets gain a greater foothold in global financial markets, attracting more institutional interest in crypto and increasing the legitimacy of the nascent asset class.Asset managers and crypto firms rushed to submit filings in anticipation of a relaxed regulatory regime once Gensler left the agency in January.
Bitwise's BTC and ETH ETF, which gives investors exposure to both digital assets in a single investment vehicle, was granted) would be the first memecoin with a US-listed investment vehicle and could attract more institutional inflows into the dog-themed social token.
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