London Bourse to Debut Bitcoin and Ethereum ETNs in May

London Bourse to Debut Bitcoin and Ethereum ETNs in May



The London Stock Exchange (LSE) is poised to commence the trading of Bitcoin and Ethereum exchange-traded notes (ETNs) starting May 28, contingent on the approval of the Financial Conduct Authority (FCA). This development is preceded by the LSE's announcement to accept listing applications for cryptocurrency ETNs from April 8, representing a pivotal integration of digital currencies into the United Kingdom's financial marketscape.



This innovative initiative aims to draw a broad spectrum of issuers and investors, mirroring the success Bitcoin ETFs have garnered in the United States since their inception in January. The LSE has delineated clear guidelines for potential issuers, stipulating an April 15 deadline for the submission of requisite documentation, including a base prospectus for FCA evaluation.



ETNs and ETFs, while both


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#Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum, #London, #News, #Regulations

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