The U.K. regulator, the Financial Conduct Authority, said it would allow Recognized Investment Exchanges to create a listed market segment for ETNs earlier this month.Bitcoin Breaks Past $44K; Elon Musk Says His AI Startup Is 'Not Raising Money Right Now'
The stock exchange will accept applications for trading those crypto ETNs from April 8. The market will be subject to the approval of the U.K. regulator, the Financial Conduct Authority, the notice said. to create a listed market segment for ETNs. The products will be available to professional investors only. At the time, the London Stock Exchange said it planned to accept applications for bitcoin and ether ETNs by the second quarter of this year.
Regulators have been moving to make the country more crypto-friendly following several announcements from the U.K. government to make the country ain a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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