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BlackRock’s (BLOK) Bitcoin ETP (exchange-traded product) has started trading on the London Stock Exchange today after the UK’s Financial Conduct Authority (FCA) lifted its ban on certain Bitcoin-based ETPs.  That is the first such product offered by the asset management giant in the UK. In its first hour of trading, the IB1T ETP saw trading volumes of 1,000 shares on the London Stock Exchange. London Stock Exchange Launch Builds On European Presence The iShares Bitcoin ETP started trading on the London Stock Exchange under the ticker “IB1T,” and allows investors in the UK to gain exposure to Bitcoin through a regulated market without needing to hold the crypto directly. BlackRock’s product was already available to some European investors. This is after it listed on Xetra, Euronext Amsterdam and Euronext Paris towards the end of March this year, according to BlackRock’s website. The London Stock Exchange listing comes after the FCA opened up ...

Following the lead of several firms that have already taken the step, 21Shares has become the latest to file for an XRP ETF with the US Securities and Exchange Commission (SEC). Indeed, a filing made Friday has the firm looking to issue the investment product for Ripple’s native cryptocurrency. 21Shares has now become the third firm to file for the XRP investment vehicle, following both Bitwise and Canary Capital. Moreover, it comes just a week after Ripple CEO Brad Garlinghouse told Bloomberg that an ETF for the token was “inevitable.” https://twitter.com/WatcherGuru/status/1852391226160394516 Also Read: Ripple: Will XRP Hit $1.50 If Bitcoin Reclaims $73,000? 21Shares Becomes Latest to File for XRP ETF With Reluctant SEC The contentious relationship between Ripple and the SEC has been well documented. Both sides have been engaged in a years-long legal battle that has dragged on with both filing to appeal certain rulings. Yet, that hasn’t stopped crypto asset man...