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Amid Bitcoin’s recent price surge and growing investor interest, the London Stock Exchange (LSE) has announced its plan to start accepting applications for the admission of Bitcoin-backed Exchange Traded Notes (ETNs) in the second quarter of 2024.
ETNs, defined as debt securities offering exposure to an underlying asset, enable investors to trade securities tracking digital assets during London trading hours. This move by the LSE will provide professional investors with a new avenue to engage with the burgeoning asset class, marking a significant milestone in the integration of bitcoin into traditional financial markets.
Exchange Traded Notes: 3 Primary Criteria for Approval
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