比特幣 ETN 將登陸倫敦證券交易所，為英國加密革命奠定基礎

Bitcoin ETNs Set to Debut on London Stock Exchange

比特幣 ETN 將在倫敦證券交易所首次亮相

Is the UK Ready for Bitcoin ETNs?

英國準備好接受比特幣 ETN 了嗎？

The London Stock Exchange (LSE) has signaled its intent to welcome applications for the listing of crypto products, including Bitcoin and Ethereum Exchange Traded Note (ETN) products. According to a recent announcement, trading is expected to commence in the second quarter of 2024.

倫敦證券交易所（LSE）已表示有意歡迎加密產品上市申請，包括比特幣和以太坊交易所交易票據（ETN）產品。根據最近的公告，預計交易將於 2024 年第二季開始。

Breaking the ETF Stalemate

打破 ETF 僵局

What's Driving the Surge in Crypto Interest?

是什麼推動了加密貨幣興趣的激增？

The LSE's move follows the approval of 11 Bitcoin ETN offerings by the US Securities and Exchange Commission (SEC) in January. This regulatory green light has spurred interest in crypto products worldwide, including in Hong Kong and now the UK.

倫敦證交所此舉是在 1 月美國證券交易委員會 (SEC) 批准 11 筆比特幣 ETN 發行後做出的。這項監管綠燈激發了全球對加密產品的興趣，包括香港和現在的英國。

LSE's Cautious Approach

倫敦經濟學院的謹慎態度

When Will Bitcoin ETNs Be Available in the UK?

比特幣 ETN 何時在英國上市？

To ensure compliance and due diligence, the LSE has set a deadline of April 8, 2024 for applications. The earliest date for listing has been proposed as May 28, 2024, to allow for ample regulatory review by the Financial Conduct Authority (FCA).

為了確保合規性和盡職調查，倫敦證券交易所將申請截止日期定為 2024 年 4 月 8 日。最早的上市日期被提議為 2024 年 5 月 28 日，以便金融行為監理局 (FCA) 進行充分的監管審查。

FCA's Conditions

FCA 的條件

What Criteria Must Issuers Meet?

發行人必須符合哪些標準？

The FCA has emphasized the need for issuers to meet specific requirements outlined in its Crypto ETN factsheet. Additionally, issuers planning to list securities on the launch date must have adequate time to prepare documentation and obtain FCA approval for their base prospectus.

FCA 強調發行人需要滿足其加密貨幣 ETN 情況說明書中列出的特定要求。此外，計劃在發行日上市證券的發行人必須有足夠的時間準備文件並獲得 FCA 對其基礎招股說明書的批准。

Investor Interest Soars

投資者興趣飆升

How Has the Market Reacted to the Announcement?

市場對此公告有何反應？

The announcement of the potential Bitcoin ETN listing has sent positive ripples through the crypto community, triggering a surge in Bitcoin prices. At the time of writing, Bitcoin is trading at $70,198.12, up 7.03% from its previous value.

比特幣 ETN 潛在上市的消息在加密社群引起了積極的漣漪，引發了比特幣價格的飆升。截至撰寫本文時，比特幣交易價格為 70,198.12 美元，較先前的價格上漲 7.03%。

Echoes of Past ETF Approvals

過去 ETF 批准的迴聲

Could Bitcoin ETNs Drive Price Appreciation?

比特幣 ETN 能否推動價格升值？

The availability of spot Bitcoin ETFs in the US has historically contributed to a supply crunch in the market, leading to price increases. Analysts believe that the introduction of Bitcoin ETNs in the UK could have a similar impact, potentially driving prices higher.

從歷史上看，美國現貨比特幣 ETF 的供應曾導致市場供應緊縮，進而導致價格上漲。分析師認為，英國推出比特幣 ETN 可能會產生類似的影響，可能會推高價格。

Conclusion

結論

The LSE's embrace of Bitcoin ETNs marks a significant step in the mainstream adoption of cryptocurrencies. With applications set to open soon and trading expected to commence in the second quarter, the UK investment landscape is poised for a major shift. Investors and crypto enthusiasts alike will be closely watching the developments as Bitcoin ETNs make their debut on the London Stock Exchange.

倫敦證券交易所對比特幣 ETN 的接受標誌著加密貨幣主流採用的重要一步。隨著申請即將開放，交易預計將於第二季開始，英國的投資格局即將發生重大轉變。隨著比特幣 ETN 在倫敦證券交易所首次亮相，投資者和加密貨幣愛好者都將密切關注事態發展。