Mirae Asset Global X Lists Cryptocurrency ETP on London Stock Exchange

IconCryptoNewsTerminal Staff12 Jun, 2024

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Mirae Asset Global X Lists Cryptocurrency ETP on London Stock Exchange

Mirae Asset Global X Lists Cryptocurrency ETP on London Stock Exchange Mirae Asset Global X, the U.S. affiliate of Mirae Asset Asset Management, has listed an exchange-traded product (ETP) that invests in Bitcoin and Ethereum on the London Stock Exchange, according to Maeil Kyungjae. This follows the UK Financial Conduct Authority's (FCA) approval of cryptocurrency-related ETPs in March 2023. Global X had previously listed similar products on the Swiss and German stock exchanges in 2022. The listing on the London Stock Exchange is a significant development for the cryptocurrency industry, as it provides investors with a regulated and accessible way to gain exposure to digital assets. The ETP, which is intended for experienced investors who understand the risks associated with cryptocurrency investments, provides a convenient and cost-effective way to diversify portfolios with exposure to the cryptocurrency market.

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