According to BlockBeats, the London Stock Exchange (LSE) has confirmed that it will accept applications for Bitcoin and Ethereum Exchange Traded Notes (ETN) in the second quarter of 2024. ETNs are typically unsecured debt securities issued by banks, exposing investors to the credit risk of the issuing institution. Unlike Exchange Traded Funds (ETFs), ETNs do not actually correspond to a portfolio of securities; their returns are based solely on the change in value of a predetermined index. This means that ETNs do not need to track an index by buying and selling securities.
London Stock Exchange to Accept Bitcoin and Ethereum ETN Applications in Q2 2024
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