2024

Bitcoin

April

<a href="https://bitcoinworld.co.in/london-stock-exchange-to-launch-bitcoin-etns-market-in-may/" title="London Stock Exchange To Launch Bitcoin ETNs Market In May" rel="noopener noreferrer nofollow"></a>
The London Stock Exchange (LSE) has <a href="https://www.lse.co.uk/rns/n0324-admission-of-bitcoin-and-ethereum-etns-0ru4pz13dx7so39.html" rel="noopener noreferrer nofollow">announced</a> that it will accept applications for the admission of Bitcoin Crypto Exchange-Traded Notes (ETNs) starting from April 8, 2024.&nbsp;
This decision follows the Exchange’s earlier notice on March 11, indicating its intention to allow the trading of Crypto ETNs in the second quarter of the year.
Subject to approval by the Financial Conduct Authority (FCA) of the base prospectuses, the Exchange plans to commence trading of these ETNs on Tuesday, May 28, 2024.&nbsp;
This move is aimed at ensuring maximum issuer participation on the first trading day and allowing issuers sufficient time to prepare their documentation and meet regulatory requirements.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/floki-inu-releases-2024-roadmap-includes-digital-banking-accounts/" aria-label="“Floki Inu Releases 2024 Roadmap, Includes Digital Banking Accounts” (Edit)" rel="noopener noreferrer nofollow">Floki Inu Releases 2024 Roadmap, Includes Digital Banking Accounts</a>
“We have decided to launch the market in Crypto ETNs on 28 May 2024 to enable the maximum number of issuers to be present in the market on the first day of trading,” the notice stated.&nbsp;
“In choosing this date we have taken into consideration that we need to ensure that issuers meet the requirements for consideration detailed in the Crypto ETN factsheet and importantly, it will also enable those issuers planning on admitting securities on the launch date, time to prepare documentation to establish a Crypto ETN programme which will require a base prospectus to be approved by the FCA.”
Issuers interested in listing securities on the Main Market on May 28 must submit the necessary information to the Exchange by April 15.&nbsp;
This includes details on how the issuer and/or the ETN will meet the requirements outlined in the Crypto ETN factsheet and a draft of the base prospectus highlighting relevant disclosures.
However, issuers failing to meet the specified requirements, submit their applications after April 15, or have their base prospectus unapproved by the FCA by midday on May 22, 2024, will not be eligible to participate in the first day of trading.
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote>
#Binance #WRITE2EARN
The post <a href="https://bitcoinworld.co.in/london-stock-exchange-to-launch-bitcoin-etns-market-in-may/" rel="noopener noreferrer nofollow">London Stock Exchange To Launch Bitcoin ETNs Market In May</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

London Stock Exchange To Launch Bitcoin ETNs Market In May

ItsBitcoinWorld

Other articles published on Mar 26, 2024

Bitcoin Price Surges Past $71,000: 4 Key Reasons Behind The Rally

Whale of a Move: Bitcoin’s Fifth Largest Wallet Transfers Billions

Here’s How Much $1k Invested in These Altcoins Could Be Worth

Bitcoin Price Reclaims $70K And Signals Fresh Surge To $75K

Spot Bitcoin ETFs in Hong Kong to Drive AUM Growth with In-Kind Options

Short Traders Bet $11 Billion Against Crypto Stocks Drive

Join our free newsletter for daily crypto updates!