The London Stock Exchange (LSE) is set to accept applications for Bitcoin and Ethereum Exchange Traded Notes (ETN) in the second quarter of 2024. This move, confirmed by BlockBeats, marks a significant step in the integration of cryptocurrencies into traditional financial markets. Unlike Exchange Traded Funds (ETFs), ETNs are unsecured debt securities issued by banks, exposing investors to the credit risk of the issuing institution. ETNs do not need to track an index by buying and selling securities; instead, their returns are based solely on the change in value of a predetermined index. This development highlights the growing interest in cryptocurrencies and their increasing acceptance in mainstream finance. #AltMania#HotTrends
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