LSE Opens Doors to Bitcoin and Ethereum ETN Applications
In a follow-up to the Stock Exchange Notice provided on March 11, 2024, the London Stock Exchange (LSE) has actually revealed its intent to begin accepting applications for the admission to trading Bitcoin and Ethereum Crypto Exchange-Traded Notes (ETNs) from April 8, 2024.Regulative Hurdles: FCA Approval Crucial for LSE's Crypto ETN LaunchThe Exchange's choice rests upon the approval of the base prospectuses by the Financial Conduct Authority (FCA), which is needed for noting Crypto ETNs on the Main Market and the Official List of the FCA. Pending regulative approval, the suggested date for the beginning of trading for these Crypto ETN securities is slated for May 28, 2024.The LSE has actually tactically chosen to release the marketplace for Crypto ETNs on May 28 to help with the optimum ...