21Shares, Bitwise and WisdomTree Launch UK Bitcoin and Ethereum ETPs After FCA Nod

Crypto asset managers 21Shares, Bitwise, and WisdomTree have opened Bitcoin and Ethereum exchange-traded products to UK retail investors, following the UK’s Financial Conduct Authority lifting a four-year ban on such sales.

BTC

ETH

178d ago

Fact Check

The statement is strongly confirmed by multiple credible sources. Evidence 1 (The Block) and 10 (Coinspeaker) explicitly name all three companies—21Shares, Bitwise, and WisdomTree—as having launched Bitcoin and Ethereum ETPs for UK retail investors following FCA approval. This is further corroborated by individual reports on each company: Evidence 9 for 21Shares, Evidence 6 for Bitwise, and Evidence 2 for WisdomTree, all confirming the launch after the FCA's decision.

Summary

21Shares, Bitwise, and WisdomTree have launched Bitcoin and Ethereum exchange-traded products (ETPs) for UK retail investors after the Financial Conduct Authority (FCA) lifted a four-year ban. 21Shares listed two Ethereum ETPs with staking features and a reduced fee of 0.1%, Bitwise introduced a Bitcoin ETP with a 0.05% fee for the first six months, and WisdomTree launched both Bitcoin and Ethereum ETPs with fees of 0.15% and 0.35%, respectively. This move aligns the UK with markets like the US and EU in providing regulated crypto investment options.

Terms & Concepts

ETP (Exchange-Traded Product): A financial instrument traded on stock exchanges that tracks the performance of an underlying asset such as cryptocurrencies or commodities.
FCA (Financial Conduct Authority): The UK financial regulatory body that oversees financial markets and firms to ensure transparency and consumer protection.
Staking: A process in which cryptocurrency holders lock up their coins to support network operations, typically in exchange for rewards.