Crypto ETNs go live in London
On the day retail access to crypto exchange traded notes (ETNs) went live in the UK per updated regulation from the Financial Conduct Authority (FCA), provider firms have pointed to the advantages offered investors in the asset class, but also certain warnings given that retail investors are affected.
Russell Barlow, CEO of 21Shares, stated: “The FCA lifting its ban on retail access to crypto ETNs is a huge step for the UK toward embracing innovation. There is a great deal of pent-up demand for regulated cryptoasset products in the UK, with 12% of adults already holding cryptoassets directly through largely unregulated platforms and exchanges.”
“The lifting of the ban on Bitcoin and Ethereum-backed ETNs is a great first…
