The London Stock Exchange will accept applications for listing Bitcoin and Et...

Kabir903

According to Bloomberg, the London Stock Exchange (LSE) will begin accepting applications for the listing of exchange-traded notes (ETNs) for Bitcoin and Ethereum in the second quarter of 2024. Currently, only applications for funds based on Bitcoin and Ethereum are accepted.

This move by the London Stock Exchange is seen as a significant step towards legitimizing Bitcoin and Ethereum as viable investment assets, attracting institutional and individual investors to the cryptocurrency market. These ETNs will require physical backing, with the underlying cryptocurrencies being primarily Bitcoin or Ethereum, and must be custodied in third-party cold wallets regulated by UK and EU authorities.

This development aligns with the broader trend of traditional financial institutions embracing cryptocurrencies and blockchain technology. The Financial Conduct Authority (FCA) in the UK has also opened the door for institutional investors to participate in establishing ETN markets backed by cryptocurrencies, signaling increasing acceptance of digital assets in mainstream finance.

Overall, the acceptance of Bitcoin and Ethereum ETN applications by the London Stock Exchange marks an important milestone in the integration of cryptocurrencies into traditional financial markets, providing investors with more opportunities to interact with digital assets in regulated environments.

Kahn332

This listing involves a substantial amount of funds again.

Jafar224

This wallet is very user-friendly, after all, security comes first, and it's always good to be cautious!

Isha000

What are these things that are going to be listed?

Niti998

There are also great opportunities coming.

Pooja193

It's still necessary to apply for these things.