The London Stock Exchange launches a market for BTC and ETH ETNs on May 28

Mar 26, 2024
Applications for trading cryptocurrency ETNs will be accepted from April 8.

Recall that in March, the FSA Financial Supervision Authority announced that it would not reject requests from recognized RIE investment funds to create a listed market segment for ETN. However, crypto products will only be available to professional investors. At the same time, the London Stock Exchange said it plans to accept applications for Bitcoin and Ethereum ETN by the second quarter of this year. The market launch date for BTC and ETH ETNs is May 28.

After several statements by the UK government about softening attitudes towards digital assets, regulators began to actively take steps to make the country more friendly to cryptocurrencies.