Summary
TLDR: The London Stock Exchange will start accepting applications for the admission of Bitcoin Crypto Exchange-Traded Notes (ETNs) on April 8, with trading set to begin on May 28 pending approval from the Financial Conduct Authority. Issuers must meet specific requirements and submit necessary information by April 15 to participate in the first day of trading.
Key Points
1. The London Stock Exchange will accept applications for the admission of Bitcoin Crypto Exchange-Traded Notes (ETNs) starting from April 8, 2024, with trading expected to begin on May 28, 2024.
2. Approval by the Financial Conduct Authority (FCA) of the base prospectuses is required for the trading of these ETNs. Issuers interested in listing securities on the Main Market on May 28 must submit necessary information by April 15.
3. Issuers failing to meet requirements, submit applications after April 15, or have their base prospectus unapproved by the FCA by midday on May 22, 2024, will not be eligible to participate in the first day of trading.