"UK Regulators Embrace Crypto: Bitcoin Soars to $71K, London Stock Exchange Welcomes ETNs"
TL;DR Summary
Bitcoin surged to a new record high above $71,000 as the UK's Financial Conduct Authority announced it would allow institutions to apply for cryptocurrency-linked exchange-traded products, marking the first time such products will be permitted. The FCA stated that recognized investment exchanges can create a U.K.-listed market segment for crypto-backed exchange traded notes, provided they meet regulatory requirements and ensure proper investor protection. Bitcoin's price rose over 3% to $71,726.49, while Ether also climbed nearly 2% to $4,014.90.
- Bitcoin hits fresh record high above $71,000 as UK opens the door to crypto exchange-traded products CNBC
- London Stock Exchange to Accept Applications for Bitcoin, Ethereum ETNs Bloomberg
- U.K. Watchdog Allows Crypto Exchange-Traded Notes for Professionals MarketWatch
- Bitcoin Jumps Over $71K; FCA Lets Institutional Investors Create Crypto ETNs CoinDesk
- London Stock Exchange to accept Bitcoin and Ethereum ETNs Cointelegraph
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