London Stock Exchange picks May 28 as start date for crypto ETN trading

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Two weeks after saying it will accept applications for crypto ETNs, the London Stock Exchange said trading will start on May 28.

Two weeks after announcing it was accepting applications for bitcoin and ether crypto exchange-traded notes, the London Stock Exchange has announced May 28 for trading to begin.

Among the requirements detailed in the Crypto ETN factsheet was, "Crypto ETNs admitted to trading on LSE are only appropriate for professionals and are only available under trading segments specifically designated as 'Professional investors only.'" Launched in the U.S. in January, similar-styled bitcoin exchange-traded funds now have $54 billion in assets under management, according to The Block's ETF data page . The key difference is that U.S.-based Bitcoin ETFs are available to retail investors. Currently, UK investors are not able to access the Bitcoin ETFs in the U.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin records new ATH as LSE plans to offer BTC and ETH ETNs to professional investorsBitcoin (BTC) price has its eyes peeled on a higher target, steered by bullish fundamentals from MicroStrategy and the London Stock Exchange.
Source: FXStreetNews - 🏆 14. / 72 Read more »