London Stock Exchange to Start Accepting Bitcoin, Ether ETN Applications in Q2

Date:

In a significant development for the cryptocurrency market, the London Stock Exchange (LSE) has announced its plans to open its doors for the admission of bitcoin and ether exchange-traded notes (ETNs) starting in the second quarter of this year. This initiative marks a pivotal moment for the integration of digital assets into traditional financial markets, underscoring the growing acceptance and institutional interest in cryptocurrencies.

Expanding Crypto Accessibility to Professional Investors

The LSE’s forthcoming acceptance of Crypto ETN applications, as detailed in a recently published factsheet, signifies a strategic move to cater to professional investors seeking regulated exposure to crypto assets. By facilitating the trading of crypto ETNs within the esteemed bounds of the London trading hours, the LSE aims to offer a seamless and secure gateway to the volatile world of cryptocurrencies. This decision aligns with the UK Financial Conduct Authority’s (FCA) stance, which has expressed no opposition to Recognized Investment Exchanges creating listed market segments for cryptocurrency-backed ETNs.

U.S. Spot Bitcoin ETFs Set Precedent

The move by the LSE comes in the wake of the successful launch and widespread popularity of U.S. spot bitcoin ETFs, which have significantly contributed to legitimizing and enhancing the accessibility of cryptocurrencies in mainstream finance. The overwhelming trading volume, surpassing $100 billion, indicates a robust appetite among investors for crypto-backed securities, setting a benchmark for the LSE’s foray into crypto ETNs.

Leave A Reply

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Shiba Inu Team Fixes Shibarium Outage As SHIB Readies For Potential Surge

In a significant update for the Shiba Inu community,...

Bitcoin Briefly Dips Below $60,000 as Crypto Market Sheds $200B in Broad Pullback

In a dramatic turn of events, the cryptocurrency market...

Countdown to Bitcoin Halving: Only 100 Blocks Left

The cryptocurrency community is abuzz as the Bitcoin halving...