So in addition to potential approval of spot Ethereum ETFs in May in the USA, the UK is opening doors for institutional investment in cryptos: https://bitcoinmagazine.com/markets/london-stock-exchange-to-launch-bitcoin-etn-market-in-may ^^ BTCmagazine made it seem like this was BTC only, but the LSE announcement says: https://www.lse.co.uk/rns/n0324-admission-of-bitcoin-and-ethereum-etns-0ru4pz13dx7so39.html
ETNs for BTC will further distance you from your source of wealth. I can’t imagine anything worse. It makes unallocated look like Fort Knox!
If the UK is like the USA, institutional players don't want to buy BTC and mess with custody/liability issues. It's much easier for them to buy securities and avoid the hassles. It's not unlike gold ETFs versus vaulting physical. Individuals stack, institutions trade.
