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The London Stock Exchange (LSE) has announced its plans to launch exchange-traded notes (ETNs) for Bitcoin (BTC) and Ethereum (ETH) on May 28, providing investors with investment products that track the performance of these cryptocurrencies.
Bitcoin surged past the $70,000 mark on Tuesday in early trade, surpassing the level for the first time in 10 days and gaining nearly 5% over the past 24 hours. Ethereum was up 4.8% during the same period, while tokens for major layer-1 blockchains Solana and Avalanche jumped nearly 4%.
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