Posted 3/27/2024, 2:06:29 PM
London Stock Exchange to Launch Bitcoin, Ethereum ETNs in Crypto Push
- London Stock Exchange to launch market for Bitcoin and Ethereum exchange-traded notes (ETNs) on May 28, 2024
- ETNs will provide exposure to crypto assets, but don't confer ownership like ETFs
- Applications to list crypto ETNs being accepted starting April 8, need regulatory approval
- Listing rules impose application deadline of April 15 and other requirements
- Initiative part of UK government efforts to make country more crypto-friendly, though only available to professional investors initially