The London Stock Exchange (LSE) is set to accept applications for Bitcoin and Ethereum Exchange Traded Notes (ETNs) in Q2 2024.
This initiative represents a significant endorsement of cryptocurrency by a leading global financial institution.
The London Stock Exchange (LSE) has officially announced its plan to accept applications for the listing of Bitcoin and Ethereum crypto ETNs in the second quarter of 2024, as reported by London South East. This move signals the LSE’s proactive approach to integrating cryptocurrency into traditional financial markets, aligning with regulatory guidelines and investor interest in digital assets.
Admission Guidelines and Regulatory Compliance
The LSE’s initiative is informed by the Financial Conduct Authority (FCA)’s regulatory stance on cryptoassets. Issuers of Crypto ETNs are required to comply with stringent criteria to ensure the integrity of the Exchange and the security of the underlying assets. These criteria include physical backing of th
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