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The London Stock Exchange (LSE) has begun trading Bitcoin (BTC) and Ethereum (ETH) exchange-traded notes (ETNs), potentially paving the way for the UK to become Europe’s crypto hub, according to Alex Pollak, head of UK for 21Shares.
According to today’s Yahoo Finance report, the ETNs are traded and settled like regular shares and track the performance of underlying assets such as Bitcoin or Ethereum, similar to spot Bitcoin exchange-traded funds (ETFs) approved by the US Securities and Exchange Commission (SEC) in January. Pollak said:
I think the fact that these products will now be available on the London Stock Exchange does show progress and I think within three years from now the UK will be home to the largest crypto exchange-traded fund market in Europe.
The listing of Bitcoin and Ethereum ETNs on the LSE represents a milestone in how UK investors can access crypto, according to Pollak. He explained:
From a 21Shares perspective I would add that, as the world’s largest issuer of crypto-backed ETPs with more than 40 products listed on 11 Exchanges, we’re proud to be part of this historic moment as we make our Bitcoin and Ethereum products available to UK investors in both GBP and USD.
ETPs listed, but not for everyone
However, Pollak stressed that Tuesday’s Bitcoin and Ethereum ETN listing on the LSE will be for professional investors only, as there is currently a retail ban on trading Bitcoin and Ethereum ETNs in the UK. He believes that lifting this retail ban will be a game-changer for the UK’s crypto market.
CryptoUK, a trade body representing the digital asset sector, is pleased to see that the FCA has approved the applications of some providers to list physically-backed Bitcoin and Ethereum ETPs on the LSE. A spokesperson said:
The move is a step in the right direction for the UK, its equity markets and the government’s aspiration to secure Britain as a global crypto-asset hub. We would, however, reiterate that we would like to see more crypto-related instruments available to both institutional and retail investors in the UK. The country risks falling behind US equity markets, which have seen a surge in interest for bitcoin ETFs.
In April 2022, then-chancellor and current UK prime minister Rishi Sunak announced a plan to make the country a “global crypto hub”. However, since then, the UK has lagged behind other jurisdictions, becoming one of the last major markets to resist the trading of crypto-related securities, despite the government’s efforts to position the country as a potential center for digital asset markets.
The SEC approved the first US-listed spot Bitcoin ETFs in January, and investors anticipate that both ETNs and ETFs could open the gateway for mainstream capital to flood the crypto market. Earlier this month, Bitcoin and Ethereum spot ETFs were also launched on the Hong Kong stock exchange.
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There are a lot of survival games out there, so many that new ones can slip under the radar, but City 20 feels like it may be landing at just the right time. It’s not Fallout in any way but the demo releases ahead of a full release later this year while the world obsesses on the dystopian, post-apocalyptic scenario of Bethesda’s game, and also, let’s face it, we could do to get some practice in before it happens for real.
A new trailer, that gets pretty intense if you watch it to the end gives off serious survival vibes and reminds us a bit of some of the social aspects of The Walking Dead and how survival works in that universe – ie, it’s not just the zombies that are the problem when society breaks down, it’s the unhinged people you encounter that are more dangerous.
There are also aspects of This War of Mine (one of my favorite games ever) alluded to in the trailer, and we will be able to see how much of those types of games have influenced developers Untold Games when the demo drops on Steam on 30th May ahead of the game’s participation in Steam Next Fest next month.

What is City 20?
City 20 is a deep and ambitious dystopian life sim set to launch in PC Early Access later this year. It uses a complex interplay of mathematical models to portray life within a post-apocalyptic sealed-off settlement. Players will embark upon a highly dynamic quest for survival as they navigate harsh environmental conditions, make difficult societal decisions, and encounter organized factions.
Each choice the player makes will have a cascading effect on the world thanks to the deep interconnectedness of the game’s realistically programmed social and natural environments – meaning no two players will ever have the same experience.
The post Super-cool looking post-apocalyptic survival sandbox City 20 brings Fallout and Walking Dead vibes with intense trailer and demo appeared first on ReadWrite.