
26/03/2024
The London Stock Exchange (LSE) has announced plans to introduce a marketplace for Bitcoin and Ether exchange-traded notes (ETNs), scheduled to commence on May 28.
Applications for trading these crypto ETNs will be accepted starting April 8, pending approval from the Financial Conduct Authority (FCA). This move follows the FCA's decision to permit Recognized Investment Exchanges (RIEs) to establish a listed market segment for ETNs.
Notably, these products will be exclusively available to professional investors. The initiative reflects a broader trend of regulatory efforts aimed at fostering a crypto-friendly environment in the UK, aligning with governmental initiatives to position the country as a hub for cryptocurrency activities.