The London Stock Exchange (LSE) will accept applications for the admission to trading of Bitcoin and Ethereum Crypto ETNs from 8 April 2024.
Subject to the approval by the Financial Conduct Authority (FCA) of the base prospectuses, which will be required to list Crypto ETNs on the Main Market and also to the Official List of the FCA, the Exchange is proposing that the first day of admission to trading of those Crypto ETN securities will be Tuesday 28 May 2024.
LSE has decided to launch the market in Crypto ETNs on 28 May 2024 to enable the maximum number of issuers to be present in the market on the first day of trading.
Issuers that are proposing to establish a Crypto ETN programme to list securities on the Main Market on 28 May 2024 will need to submit to the Exchange, at the latest by 15 April 2024, the following information:
- A letter setting out details of how the issuer and /or the Crypto ETN meets the requirements for consideration detailed in the crypto ETN factsheet, available on the Exchange’s website, and
- A draft of the base prospectus highlighting where disclosure of matters set out in (a) above, is included in the base prospectus.
Applications for the admission of Crypto ETNs should be submitted to admissions@lseg.com and ETFDeskLondon@lseg.com
