Two weeks after announcing it was accepting applications for bitcoin and ether crypto exchange-traded notes, the London Stock Exchange has announced May 28 for trading to begin.
Among the requirements detailed in the Crypto ETN factsheet was, "Crypto ETNs admitted to trading on LSE are only appropriate for professionals and are only available under trading segments specifically designated as 'Professional investors only.'" Launched in the U.S. in January, similar-styled bitcoin exchange-traded funds now have $54 billion in assets under management, according to The Block's ETF data page . The key difference is that U.S.-based Bitcoin ETFs are available to retail investors. Currently, UK investors are not able to access the Bitcoin ETFs in the U.S.