United

Bitcoin

Billion

James

<a href="https://bitcoinworld.co.in/london-stock-exchange-lse-to-accept-bitcoin-exchange-traded-notes-etns-applications/" title="London Stock Exchange (LSE) To Accept Bitcoin Exchange-traded Notes (ETNs) Applications" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">The London Stock Exchange (LSE) has revealed its decision to accept applications for Bitcoin exchange-traded notes (ETNs).</li> 
 <li style="font-weight: 400">The proposed ETNs would be physically backed with the assets held in cold storage.</li> 
</ul> 
The London Stock Exchange (LSE) <a href="https://docs.londonstockexchange.com/sites/default/files/documents/crypto_etn_admission_factsheet.pdf">released</a> a “crypto ETN admission factsheet” showcasing its decision to accept applications for Bitcoin exchange-traded notes (ETNs).&nbsp; 
The move comes as part of the LSE’s efforts to expand its offerings and provide investors with exposure to bitcoin. 
Bitcoin exchange-traded notes are financial instruments that track the price of Bitcoin and are traded on traditional stock exchanges.&nbsp; 
By allowing the listing of Bitcoin ETNs, the LSE would be providing investors with an opportunity to gain exposure to BTC through regulated and familiar investment vehicles. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/makerdao-makes-temporary-fee-adjustments-for-dai-amidst-market-volatility/" aria-label="“MakerDAO Makes Temporary Fee Adjustments for DAI Amidst Market Volatility” (Edit)">MakerDAO Makes Temporary Fee Adjustments for DAI Amidst Market Volatility</a> 
“The proposed Crypto ETN: (a) is physically backed, i.e. non-leveraged; (b) has a market price or other value measure of the underlying that is reliable and publicly available,” the factsheet stated.&nbsp; 
“The underlying crypto assets must be: (a) (i) wholly or principally held in ‘cold storage’ (i.e. in an offline depositary wallet), which includes cold staking; or (ii) subject to arrangements that achieve an equivalent outcome to cold storage.” 
The decision to accept applications for Bitcoin ETNs reflects the growing demand for BTC investments among traditional investors and institutions.&nbsp; 
As the popularity of Bitcoin continues to rise, traditional financial institutions are increasingly exploring ways to incorporate them into their offerings. 
The acceptance of Bitcoin ETNs applications by the LSE also highlights the evolving regulatory landscape surrounding Bitcoin.&nbsp; 
With regulatory clarity improving in many jurisdictions, institutions are becoming more comfortable with offering BTC-related products to their clients. 
Earlier this year, the United States Securities and Exchange Commission approved a batch of spot Bitcoin Exchange Traded Funds (ETFs), which turned out to be some of the most successful ETF launches in history.&nbsp; 
Just last week, these ETFs did over $33 billion in trading volume, <a href="https://twitter.com/JSeyff/status/1767192794248933888">according</a> to Bloomberg ETF analyst James Seyffart. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Casual week last week for the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> ETFs in the Cointucky Derby. $33 Billion in volume and $2.24 Billion in inflows <a href="https://t.co/bHEXG7Pzw3">pic.twitter.com/bHEXG7Pzw3</a> 
 — James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1767192794248933888?ref_src=twsrc%5Etfw">March 11, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<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> 
&nbsp; 
#Binance #WRITE2EARN 
The post <a href="https://bitcoinworld.co.in/london-stock-exchange-lse-to-accept-bitcoin-exchange-traded-notes-etns-applications/">London Stock Exchange (LSE) To Accept Bitcoin Exchange-traded Notes (ETNs) Applications</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

London Stock Exchange (LSE) To Accept Bitcoin Exchange-traded Notes (ETNs) Applications

ItsBitcoinWorld

2024년 3월 12일에 게재된 다른 기사

Michael Saylor buys Bitcoin again: How will this help BTC?

El Salvador BTC Holding is Now $85M in Profit

Jamie Dimon backs Bitcoin ownership rights, despite personal aversion

Experts Predict How High Filecoin And Ethereum Classic Can Go As Borroe Finance Presents Similar ...

Ripple and SEC’s Lead Attorneys Set to Discuss Crypto Regulation Today

17% Of American Investors Have Once Held Or Currently Hold Shiba Inu

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!