The post London Stock Exchange Opens Doors to Bitcoin and Ethereum ETNs appeared first on Coinpedia Fintech News
In the second quarter of 2024, the London Stock Exchange will start accepting applications to sell exchange-traded notes (ETNs) based on Bitcoin and Ethereum, according to a recent announcement. This will be a big step forward for the entire industry.
With this, the cryptocurrency industry will finally come together with the seemingly orderly stock market. So let’s break down what this means and why it’s a big deal for investors, specifically the pros.
Unpacking ETNs
Exchange Traded Notes, or ETNs, are a type of debt security. Think of them as IOUs issued by banks, but they aren’t ordinary IOUs. They’re special because they will allow investors to test and benefit from cryptocurrencies’ value without owning them.
It’s a way to invest in Bitcoin or Ethereum through something that trades on the stock exchange, just like any other stock. But these ETN
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