Fidelity International has listed its Physical Bitcoin ETP on the London Stock Exchange, making it accessible to professional investors directly in the UK for the first time.
The listing followed the FCA’s decision to allow exchanges to create a UK-listed market segment for crypto asset-backed exchange traded notes, available for professional investors only.
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The ETP, which tracks the price movement of the world’s leading cryptocurrency and is 100% physically backed by Bitcoin, was launched in February 2022, listing first on the Deutsche Börse Xetra and the SIX Swiss Exchange.
Stefan Kuhn, head of ETF & index distribution, Europe, Fidelity International, commented: “The FCA’s decision to authorise crypto asset-backed Exchange Traded Notes for professional investors reflects the increasing acceptance and demand of digital assets offered through a secure and regulated exchange. The Fidelity Physical Bitcoin ETP offers professional investors in the UK an institutional quality solution to enter the market in a familiar, simple and secure way.”
