Ethereum

Bitcoin

April

Read

The London Stock Exchange will start trading Bitcoin and Ethereum exchange-traded notes in May.&nbsp;
Starting April 8, the London Stock Exchange (LSE) will begin accepting listing applications for cryptocurrency exchange-traded notes (ETNs). The announcement follows the Exchange’s <a href="https://crypto.news/london-stock-exchange-to-open-applications-for-bitcoin-ethereum-etn-admission/" rel="noopener noreferrer nofollow">previous one</a> and marks a significant milestone in integrating digital currencies into the U.K.’s financial market.
Following the applications in April, the LSE will start <a href="https://docs.londonstockexchange.com/sites/default/files/documents/n0324.pdf" target="_blank" rel="noopener noreferrer nofollow">trading</a> crypto ETNs on May 28, pending approval from the Financial Conduct Authority (FCA). The inclusion of <a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> and <a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> ETNs aims to attract a wide array of issuers and investors, similar to what Bitcoin ETFs have achieved in the U.S. since January.&nbsp;
You might also like: <a href="https://crypto.news/binance-blocked-philippines-regulation/" rel="noopener noreferrer nofollow"> Binance to be blocked in the Philippines by regulatory watchdogs </a>
To ensure a smooth launch, the LSE has set deadlines for issuers intending to list their securities. By April 15, they must submit the necessary documentation, including a base prospectus for FCA approval.&nbsp;
Like <a href="https://crypto.news/bitcoin-etfs-see-a-fifth-consecutive-day-of-net-outflow/" rel="noopener noreferrer nofollow">Bitcoin ETFs</a>, ETNs are traded on a stock exchange, offering a more accessible and regulated way for investors to gain exposure to the crypto market. The critical difference between ETNs and Exchange-Traded Funds (ETFs) is the structure.
ETNs are unsecured debt securities backed by the issuer’s credit, whereas ETFs are funds that hold the actual assets they track, offering direct exposure. This means that ETNs carry a credit risk that ETFs do not, as the value of an ETN depends on the issuer’s ability to pay, while ETFs’ values are directly tied to the assets they own.
Read more: <a href="https://crypto.news/binance-buyer-russia-commex/" rel="noopener noreferrer nofollow"> Binance seeking for new buyer for its business in Russia, following CommEX’s closure </a>

London Stock Exchange to list Bitcoin and Ethereum ETNs starting in May

crypto.news

Autres articles publiés le 25 mars 2024

Monetize Your Reputation! From Idea to Reality on Blockchain

SEC v. Ethereum: What to Expect and Why It Is Crucial to Crypto Market

ParaSwap resolves Augustus V6 contract bug, begins returning crypto to users

Dogecoin (DOGE) and Pepe (PEPE) Holders Pile Into Koala Coin (KLC) Presale Anticipating a Cute 50...

Binance Exec Escapes Detention in Nigeria, More Trouble for Binance?

After Memecoin Mania, AI-Buzz, This Could be the Next Big Thing in Crypto: ONDO & These Altcoins ...

Join our free newsletter for daily crypto updates!