London Stock Exchange to List Bitcoin and Ether ETNs in May

Following the FCA's updated regulatory stance, the listings mark a significant development in the UK's approach to cryptocurrency investment.

The London Stock Exchange announced it will start accepting applications for bitcoin and ether exchange-traded notes (ETNs) on April 8, with listings to begin on May 28.
The Financial Conduct Authority (FCA) has updated its stance, allowing the listing of crypto ETNs for professional investors only, marking a significant shift in the UK's regulatory landscape for cryptocurrencies.
Crypto ETNs will be physically backed, with assets primarily held in cold storage, ensuring a high level of security for investors.
This move is seen as a response to growing investor demand for crypto investment products and positions the UK as a competitive player in the global financial market for cryptocurrencies.
Industry leaders view the FCA's decision as a major reversal and a positive step towards broader acceptance of crypto assets in investment portfolios.