Learn Concept: Delve Into the Complex World of Bitcoin ETNs

By: Eliza Bennet

Trading Bitcoin ETNs in The London Stock Exchange

The cryptocurrency revolution is nowhere near its peak. The latest development comes from London, as the London Stock Exchange (LSE) announces plans to begin trading Bitcoin ETNs (exchange-traded notes) from May 28. This initiative marks a pivotal moment in legitimizing cryptocurrencies as mainstream financial assets.

Details of the Launch

For issuers willing to participate in the launch, the LSE has set a final documentation submission deadline of April 15. All the compliance requirements need to be thoroughly fulfilled to be a part of this revolutionary venture. However, LSE made it clear that the final decision depends on the approval from Financial Conduct Authority's (FCA).

Meaning of Crypto ETNs

Crypto ETNs refer to Exchange Traded Notes, instruments that track the price of the underlying cryptocurrency. They bear resemblance to ETFs (Exchange Traded Funds) but differ significantly in their design structure. This form of investment opens up novel ways for professional investors to invest in cryptocurrency.