21Shares, a leading crypto investment firm, has achieved a major milestone by listing its Bitcoin-backed Exchange-Traded Product (ETP) on the London Stock Exchange (LSE). This move offers investors a regulated and secure way to gain exposure to Bitcoin, the largest cryptocurrency by market capitalization. The 21Shares Bitcoin ETP (ABTC) has the longest track record among all physical Bitcoin ETPs currently available.
This development comes shortly after the UK Financial Conduct Authority (FCA) approved two crypto ETPs by WisdomTree, a major player in the crypto market. The WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW) ETPs were listed on the LSE, further enhancing accessibility to digital assets for investors.
The revised regulatory framework in the UK has received praise from the digital assets industry, as it aims to establish the country as a prominent global market for cryptocurrencies. The availability of these ETPs on the London Stock Exchange is seen as a positive step in solidifying the UK’s position in the digital asset realm.
Overall, these developments highlight the growing acceptance and adoption of cryptocurrencies in traditional financial markets, providing investors with more options to gain exposure to this emerging asset class.