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Bitcoin and Ethereum ETPs debut on London Stock Exchange

The Financial Conduct Authority (FCA) has granted approval for Bitcoin and Ethereum exchange-traded products (ETPs) to be listed on the London Stock Exchange (LSE). This approval marks a milestone in the integration of digital assets into traditional financial markets, providing investors with regulated and secure avenues for cryptocurrency exposure.

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The Financial Conduct Authority (FCA) has granted approval for Bitcoin and Ethereum exchange-traded products (ETPs) to be listed on the London Stock Exchange (LSE). This approval marks a milestone in the integration of digital assets into traditional financial markets, providing investors with regulated and secure avenues for cryptocurrency exposure.

The newly approved ETPs will be managed by 21Shares and CoinShares, two prominent firms in the cryptocurrency investment space. These products will enable investors to gain exposure to Bitcoin and Ethereum without directly holding the underlying assets, thereby mitigating some of the risks associated with cryptocurrency custody.

Hany Rashwan, CEO of 21Shares, expressed enthusiasm about the approval, stating, “This is a significant step forward in our mission to make cryptocurrency investments accessible to a broader audience. Listing on the London Stock Exchange, one of the world’s leading financial markets, underscores the growing acceptance of digital assets in mainstream finance.”

The ETPs are designed to track the performance of Bitcoin and Ethereum, providing institutional and retail investors with a regulated product that offers direct exposure to these leading cryptocurrencies. This development is expected to attract a new wave of investors who have been hesitant to enter the crypto market due to concerns about regulatory oversight and security.

CoinShares’ Chief Strategy Officer, Meltem Demirors, highlighted the importance of this move for the broader adoption of cryptocurrencies. “The FCA’s approval is a testament to the maturity and credibility of the cryptocurrency market. It paves the way for further innovation and integration of digital assets into the global financial ecosystem,” she said.

The introduction of Bitcoin and Ethereum ETPs on the LSE is anticipated to enhance market liquidity and provide a more straightforward investment vehicle for those looking to diversify their portfolios with digital assets. Additionally, this move aligns with the FCA’s broader efforts to establish a clear regulatory framework for cryptocurrencies, ensuring investor protection and market integrity.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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