The London Stock Exchange will launch an ETN market for Bitcoin $BTC and Ethereum $ETH on May 28
The stock exchange will accept applications to trade bitcoin and Ethereum starting April 8.
The market will be subject to approval by the UK regulator, the Financial Conduct Authority (FCA).
The FCA previously said in March that it would not reject applications from Recognized Investment Exchanges (RIEs) to create a listed market segment for ETNs. The products will only be available to professional investors. At the time, the London Stock Exchange said it planned to accept applications for bitcoin and ether ETNs in the second quarter of this year.
Regulators have been moving to make the country more cryptocurrency-friendly following several announcements by the UK government to make the country a cryptocurrency hub.
