Posted 3/11/2024, 12:32:37 PM
London Stock Exchange to Offer Bitcoin, Ethereum Investment Products for Professional Investors
- London Stock Exchange (LSE) to allow exchange-traded notes (ETNs) for Bitcoin and Ethereum in Q2 2022
- Aims to integrate crypto into mainstream finance, targeting professional investors
- ETNs differ from ETFs; issued by banks/managers to track assets vs ETFs that hold assets
- Aligns with UK regulations allowing ETNs if they meet disclosure requirements
- Cautious approach - ETNs banned for retail consumers, emphasizing investor protections
