The London Stock Exchange is set to introduce trading of Bitcoin and Ethereum exchange-traded notes on May 28, subject to FCA approval.

The FCA has recently changed its position to permit the LSE to accept crypto ETN listing applications, with a submission deadline of April 15.

Starting April 8, the LSE will begin accepting applications, limiting trading to professional investors to ensure a focused launch.

The move to list cryptocurrency ETNs correlates with a significant increase in the value of bitcoin and ether.

This initiative represents a major step towards the incorporation of digital currencies into the mainstream financial infrastructure of the U.K.