London Stock Exchange to list crypto ETNs

[pmbug]

So in addition to potential approval of spot Ethereum ETFs in May, the UK is opening doors for institutional investment in cryptos:

The London Stock Exchange has announced that it will accept applications for the admission of Bitcoin Crypto Exchange-Traded Notes (ETNs) starting from April 8, 2024. This decision follows the Exchange's earlier notice on March 11, indicating its intention to allow the trading of Crypto ETNs in the second quarter of the year.

Subject to approval by the Financial Conduct Authority (FCA) of the base prospectuses, the Exchange plans to commence trading of these ETNs on Tuesday, May 28, 2024. This move is aimed at ensuring maximum issuer participation on the first trading day and allowing issuers sufficient time to prepare their documentation and meet regulatory requirements.
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https://bitcoinmagazine.com/markets/london-stock-exchange-to-launch-bitcoin-etn-market-in-may

^^ BTCmagazine made it seem like this was BTC only, but the LSE announcement says:

1. Further to Stock Exchange Notice N02/24, published on 11 March 2024, in which the London Stock Exchange (the "Exchange") announced it would accept applications for the admission to trading of Bitcoin and Ethereum Crypto ETNs in the second quarter of 2024, we can confirm that applications can be made from 8 April 2024.
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N03/24 - Admission of Bitcoin and Ethereum ETNs | Regulatory News

N03/24 - Admission of Bitcoin and Ethereum ETNs | Regulatory News

www.lse.co.uk