According to BlockBeats, the London Stock Exchange (LSE) has confirmed that it will launch trading of Bitcoin and Ethereum Exchange Traded Notes (ETN) on May 28, 2024. ETNs are unsecured debt securities typically 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.
