Crypto ETNs Record Low Trading Volumes in the UK
Main page News, UK, Cryptocurrency
Hot topic
11 June

Recently launched British listed ETNs backed by Bitcoin and Ether have experienced low levels of trading activity on the London Stock Exchange since receiving approval from the Financial Conduct Authority (FCA), The Block has reported.

These products are only available to professional investors, but 21Shares, one of the issuers, believes that opening them up to retail investors would have a significant impact.

Currently, 21Shares offers four Bitcoin-backed and four Ether-backed products. WisdomTree manages two Bitcoin and two Ethereum products, while Invesco also offers two Bitcoin-backed products.

Since launch, the total trading volume of these products is only $504,880 as of June 6.

Read also:
Please describe the error