London Stock Exchange Welcomes Bitcoin ETNs: What It Means for Europe's Crypto Market 🚀

<p>On this episode of Yahoo Finance Future Focus, our host Brian McGleenon speaks with Alex Pollak, head of UK for 21Shares, about the current investor appetite for bitcoin exchange-traded funds in the US and Hong Kong, as well as the debut of bitcoin and ether exchange-traded notes (ETNs) on the London Stock Exchange (LSE).<br><br>Pollak said the listing of bitcoin and ether ETNs in London could mark a significant step towards establishing the UK as a leading crypto hub in Europe. He also discussed how the FCA&#39;s phased approach to opening the crypto market could transform the UK&#39;s financial landscape.<br><br>Despite the potential for developing the UK&#39;s digital asset market, Pollak notes that the new ETNs are currently accessible only to professional investors. He highlights that "the game-changer in the UK will be when the retail ban is lifted," indicating that broader access to these products is essential for the market&#39;s growth.</p>