London Stock Exchange to Launch Bitcoin and Ether ETNs

Starting May 28, the London Stock Exchange will introduce exchange-traded notes for Bitcoin and Ether, targeting professional investors.

The London Stock Exchange announced the introduction of Bitcoin and Ether exchange-traded notes (ETNs), available from May 28.
ETNs, similar to ETFs but functioning more like bonds, will be accessible exclusively to professional investors.
The UK Financial Conduct Authority has approved the market for crypto ETNs, marking a significant step in integrating digital assets into traditional financial markets.
Recent inflows into Nasdaq-listed Bitcoin ETFs signal increasing institutional interest in cryptocurrency investments.
The launch is part of the UK's broader initiative to establish itself as a global hub for cryptocurrency and blockchain innovation.