2024

when

<p><strong>The world of finance has just shifted. The doors of the London Stock Exchange have swung wide open to usher in the era of Crypto ETNs. The Financial Conduct Authority breaks the regulatory chains that were hindering institutional adoption. With this bold move, the country positions itself as a pioneer, heralding a new chapter in the integration of crypto into the traditional financial system.</strong></p>
<h2 id="h-the-institutional-breach-to-crypto-etns-opened">The Institutional Breach to Crypto ETNs Opened!</h2>
<p>For years, finance giants have turned their backs on cryptos, deeming them too risky and unstable. But times are changing. The FCA’s earth-shattering decision breaks this outdated status quo. It paves the way for a new era where institutions, hedge funds, and <a href="https://www.cointribune.com/en/american-banks-offer-bitcoin-etfs-to-wealthy-clients/" target="_blank" rel="noopener noreferrer nofollow">investment banks</a> can now get exposure to crypto through regulated ETNs. A familiar and reassuring instrument for these behemoths.&nbsp;&nbsp;</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>The breach is now open for <a href="https://www.fca.org.uk/news/statements/fca-updates-position-cryptoasset-exchange-traded-notes-professional-investors" target="_blank" rel="noopener noreferrer nofollow">institutional adoption</a>. The approval of Crypto ETNs dispels the last doubts about the credibility of cryptocurrencies for major investors. A golden opportunity to diversify their portfolios. Goodbye to yesterday’s reservations; this asset class is making its way into the fold of conventional finance.</p>
<h2 id="h-london-the-new-crypto-hub">London, the New Crypto Hub</h2>
<p>Wall Street had an unchallenged reign over the ETF market in recent years. But its reign is coming to an end. It is in Europe that the fresh winds of decentralized finance are blowing. At the center of this paradigm shift, the London Stock Exchange is experiencing a rapid renaissance. Starting next quarter, it will green-light the first Crypto ETN applications.&nbsp;&nbsp;</p>
<p>A historic first for the Old Continent! Leveraging a now favorable regulatory framework, London has become the world’s indispensable hub for crypto in just a few months. Its exchanges already display overflowing ambitions, determined to catch up with American pioneers.</p>
<p>The UK’s bold regulation, blending innovation with investor protection, becomes an admired model. It draws institutional capital like a magnet, eager for this new high-growth asset class. A broad way opens up for management giants like BlackRock, Fidelity, and Invesco, which are already queuing to enter this booming market.</p>
<p>2024 will remain etched in memory as the decisive year. The year when Bitcoin and cryptos finally penetrated the last resistances of the traditional financial system. With the regulatory blessing of the <a href="https://www.cointribune.com/en/stablecoins-who-will-achieve-regulation-the-united-states-or-the-united-kingdom/" target="_blank" rel="noopener noreferrer nofollow">United Kingdom</a>, torrents of institutional investment will unleash on the nascent market of Crypto ETNs.</p>

The London Stock Exchange approves Crypto ETNs!

Table of Contents

Cointribune EN

Other articles published on Mar 11, 2024

Robert Kiyosaki Suggests Buying BTC Before The Bubble Burst!

What’s Fuelling New Rallies in Bitcoin (BTC) Price? Deutsche Bank Analyst Explained

Bitcoin Price: Will Bitcoin Hit $80,000 Before Halving

Legendary Investor Chooses This Over Bitcoin

BlockFi’s Zac Prince opens up about bankruptcy and new role

Hong Kong’s Monetary Authority (HKMA) Launches Wholesale Central Bank Digital Currency (wCBDC)

Join our free newsletter for daily crypto updates!