The new cryptocurrency ETN on the London Stock Exchange traded only 200 shares on its first day
ChainCatcher news, yesterday the London Stock Exchange opened trading for cryptocurrency exchange-traded notes (ETNs), but only 200 shares were traded on the first day.
Charlie Morris, head of ByteTree, stated: "This is a very strange situation. There was no warning or public relations. It makes no sense; I just hope it's an appetizer before retail approval. But these are not funds; they are just new share classes of existing German and Swiss Bitcoin ETFs."
It is reported that the current ETNs are limited to purchase by regulated financial investors, excluding retail traders.
Previous news, the London Stock Exchange confirmed that it will launch trading for Bitcoin and Ethereum cryptocurrency exchange-traded funds (ETNs) on May 28, 2024.
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