In another positive turn of events for the cryptocurrency sector, which has recently been witnessing massively bullish sentiment, the London Stock Exchange (LSE) announced it was opening its doors to exchange-traded notes (ETNs) for the two largest crypto assets by market capitalization.
Specifically, the LSE confirmed it would accept listing applications for Bitcoin (BTC) and Ethereum (ETH) ETN in the second quarter of 2024, requiring physical support, with the underlying crypto asset stored in a cold wallet and available only to professional investors, as per documents shared on March 11.
Market notice on crypto ETNs. Source: London Stock Exchange
Furthermore, the stock exchange specified in the factsheet that the custodian(s) for the listings would be subject to the anti-money laundering (AML) regulation in the United Kingdom, European Union (or European Economic Area, where equivalent laws apply), Jersey, Switzerland, or the United States.
According to the exchange, ET
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