The London Stock Exchange will launch cryptocurrency exchange-traded notes (ETNs) trading on May 28

ChainCatcher news, according to market news, the London Stock Exchange has confirmed that it will launch trading of Bitcoin and Ethereum exchange-traded notes (ETNs) on May 28, 2024.

Note: ETNs are typically unsecured debt securities issued by banks, exposing investors to the credit risk of the issuing institution. Unlike ETFs, ETNs do not correspond to a portfolio of securities; their returns are calculated based solely on the changes in a predetermined index. In other words, ETNs do not have to track an index by buying and selling securities.