Which is the best way forwards for crypto products? – The Armchair Trader
Investing in Bitcoin and other cryptocurrencies via exchange-traded notes (ETNs) is often marketed as a fusion of traditional finance and digital innovation. Yet the supposed benefits of both worlds frequently cancel each other out, according to one Lumxembourg-based service provder.
They argue that crypto ETNs not only undermine the core principle of decentralised currencies, they are also inefficient and stifle innovation. This is according to Stephan Blohm, board member at financial services provider Securities.lu.
Securities.lu, based in Luxembourg, is a leading securitisation hub and a specialist in back-office administration for the financial services sector.
ETPs have become very widely used by investors
Exchange-traded products…
