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Etns

All articles tagged with #etns

finance1 year ago

"Bitcoin's Surge: London Stock Exchange Accepts Crypto ETN Applications as Market Cap Hits $1.4T"

The London Stock Exchange has been given approval by the FCA to accept applications for Bitcoin and Ethereum exchange-traded notes (ETNs) for professional investors, marking a new market segment in the UK. Unlike spot Bitcoin exchange-traded funds in the US, ETNs are classified as debt securities and provide exposure to the assets. This move comes amid slow crypto adoption in the UK, despite Prime Minister Rishi Sunak's desire to make the country a "crypto hub." The FCA's openness to crypto investment products signals a potential shift in regulatory stance.

via DLNews|
#crypto#etns#fca
financeinvesting1 year ago

London Stock Exchange Approves Bitcoin and Ethereum ETNs

The London Stock Exchange (LSE) has announced its decision to accept applications for the admission of Bitcoin and Ethereum Exchange Traded Notes (ETNs) starting in the second quarter of 2024, following the UK’s Financial Conduct Authority (FCA) decision to allow crypto asset-backed exchange-traded notes. The LSE has outlined stringent requirements for the admission of these crypto ETNs, emphasizing physical backing, non-leveraged structures, and the necessity for reliable and publicly available market prices for the underlying crypto assets. The initiative is designed exclusively for professional investors and represents a controlled expansion into the Bitcoin and crypto sector within a strict regulatory framework.

via Bitcoinist|
#bitcoin#ethereum#etns
financeinvesting1 year ago

"New Crypto ETNs Listed on Stock Exchange"

The London Stock Exchange (LSE) will start accepting applications for Bitcoin and Ethereum exchange-traded notes (ETNs) in the second quarter of this year, marking a significant step towards integrating cryptocurrency into the mainstream financial market. ETNs, similar to ETFs, offer a bond-like investment avenue and are crucial for tracking underlying assets or indexes. The move aligns with the regulatory framework set by the Financial Conduct Authority (FCA) and emphasizes the importance of robust controls to protect professional investors. The FCA remains cautious about retail consumers and enforces a ban on selling crypto ETNs and derivatives to this group. This initiative opens new avenues for professional investors to explore the crypto sector, while the FCA's regulatory oversight ensures market stability and security.

via BeInCrypto|
#bitcoin#ethereum#etns
cryptocurrency-regulation1 year ago

"FCA Greenlights Crypto-Backed ETNs for Institutional Investors in the UK"

The UK's Financial Conduct Authority (FCA) has announced that it will not object to the creation of a crypto asset-backed exchange-traded notes (ETNs) market for professional investors, signaling the increasing institutionalization of cryptocurrency markets. These products will be available to professional investors, but retail investors remain banned from trading them. The London Stock Exchange is set to accept applications for bitcoin and ether-backed ETNs in Q2 2024. The FCA continues to emphasize the high risks associated with cryptocurrencies and the potential for investors to lose all their money.

via CoinDesk|
#cryptocurrency#cryptocurrency-regulation#etns