WisdomTree Receives First Approval from FCA for Bitcoin ETP Site Ahead of Multi-Product UK Launch

WisdomTree has received approval from the Financial Conduct Authority to list its physically backed Bitcoin and Ethereum ETPs on the London Stock Exchange. This approval allows WisdomTree to introduce WisdomTree Physical Bitcoin and WisdomTree Physical Ethereum ETPs, with the aim of lifting UK restrictions on May 28. Available only to professional investors, this ETP is said to be one of the lowest fee institutional-grade cryptocurrency ETPs in Europe, with a management fee ratio of 0.35%.

Alexis Marinof, Head of Europe at WisdomTree, highlighted the importance of this regulatory approval in making digital assets more accessible to UK-based professional investors. Marinof noted that FCA approval could potentially increase institutional adoption, removing previous regulatory barriers that had limited exposure to Bitcoin and other cryptocurrencies.

Listed on major European exchanges such as Deutsche Börse .

Other issuers, including ETC Group and CoinShares, are also preparing to list their cryptocurrency ETPs on the LSE in compliance with the FCA’s regulatory requirements. Given the FCA’s recent guidance, this is essentially a box-ticking exercise for existing ETP issuers at this stage.

WisdomTree’s initiative, combined with potential interest from other major European cryptocurrency players such as VanEck, signals growing momentum for regulated, institutional-level cryptocurrency investment products in the UK market. However, as of now, retail investors are excluded and are deemed unable to process Bitcoin purchases through ETPs.

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