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Behind London Stock Exchange's move to list crypto ETNs in May

Economic Times · 1y

The London Stock Exchange has announced the upcoming launch of a market for bitcoin and Ethereum exchange-traded notes (ETN) on May 28. Following the US's approval of cryptocurrency securities trading earlier this year, the UK has become the second financial market to permit this. While applications still need to pass regulatory approval, the acceptance of crypto instruments in traditional financial markets is seen as a positive sign for investors. ETNs are unsecured debt instruments tied to the performance of a specific asset, such as cryptocurrencies, while ETFs represent ownership in a fund that holds assets.