TLDR:
- London Stock Exchange (LSE) to accept applications for exchange-traded notes backed by Bitcoin and Ether, with stringent criteria for approval.
- Top 5 crypto venture capital (VC) firms for 2024, including Coinbase Ventures, a16z, Pantera Capital, Paradigm, and Polychain Capital, with a focus on supporting crypto startups.
Summary:
In a significant development, the London Stock Exchange (LSE) has announced its decision to accept applications for exchange-traded notes (ETNs) backed by Bitcoin and Ether. The LSE plans to start accepting applications in the second quarter of 2024, with stringent criteria for approval, including non-leverage and holding the underlying crypto assets in offline depositary wallets. This move by the LSE comes amidst a surge in Bitcoin’s value and increased interest in cryptocurrency investments.
Additionally, the article highlights the top 5 crypto venture capital (VC) firms for 2024, including Coinbase Ventures, a16z, Pantera Capital, Paradigm, and Polychain Capital. These VC firms play a vital role in supporting the growth of crypto startups by providing funding, expertise, and strategic support. Each VC firm has its unique focus areas and investment strategies, with a track record of success in the crypto industry.
Overall, the article provides insights into the evolving landscape of cryptocurrency investments and the role of VC firms in shaping the future of the industry.
