London Stock Exchange Announces Launch of Bitcoin and Ethereum ETN Market
London Stock Exchange Announces ETN Market for Bitcoin and Ethereum
London Stock Exchange has revealed its plan to introduce a new market segment dedicated to Bitcoin and Ethereum Exchange Traded Notes (ETNs). This move signals a shift towards embracing digital currencies within traditional financial systems.
Market Approval Process Under the Financial Conduct Authority
The London Stock Exchange will commence accepting applications for the trading of Bitcoin and Ethereum ETNs starting April 8, 2024. However, the establishment of this market is contingent upon approval from the UK regulator, the Financial Conduct Authority (FCA).
Investors are closely monitoring this development as it could have a significant impact on the future of cryptocurrency trading in mainstream financial markets.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.