FILE PHOTO: A screen displays the logo for WisdomTree following its debut on the floor of the New York Stock Exchange in New York City, U.S., November 7, 2022. REUTERS/Brendan McDermid/File PhotoLONDON : Britain's financial regulator has approved WisdomTree's bid to list exchange-traded products backed by cryptocurrencies bitcoin and ether on the London Stock Exchange, the asset manager said on Wednesday ahead of an expected launch this month.
Investors are increasingly buying cryptocurrencies via ETPs, even as regulators warn about the risks. The two WisdomTree products give investors exposure to the underlying cryptocurrencies: one for bitcoin and one for ether. They are expected to be listed on May 28, WisdomTree said in a statement, adding that it was"amongst the first issuers" to have its crypto ETPs approved by the FCA.