The London Stock Exchange (LSE) will be accepting applications to list Bitcoin and Ethereum Crypto ETNs from April 8, 2024.
Subject to the approval by the Financial Conduct Authority (FCA) of the principal prospectuses, which should list the Crypto ETNs on the Main Market as well as on the FCA Official List, the Exchange proposes the first day of admission to the trading of these of Crypto ETN securities will take place on Tuesday, May 28, 2024.
The LSE has decided to launch the market in Crypto ETNs on 28 May 2024 to allow the maximum number of issuers to be present in the market on the first day of trading.
Issuers proposing to create a Crypto ETN program to list securities on the Main Market on May 28, 2024 should submit to the Exchange, no later than April 15, 2024, the following information:
- A letter setting out details of how the issuer and/or the Crypto ETN meet the requirements for consideration detailed in the Crypto ETN prospectus, which is available at the Exchange websiteand
- A draft of the base prospectus highlighting the points at which the matters referred to in (a) above are disclosed is included in the base prospectus.
Applications for acceptance of Crypto ETNs should be submitted to admissions@lseg.com and ETFDeskLondon@lseg.com