Crypto ETPs to flood into UK portfolios?
After years of pressure the Financial Conduct Authority (FCA) is set to take the inevitable step of removing barriers to all investors accessing crypto exchange-traded products (ETPs), a move which will enable the trackers to proliferate across UK portfolios.
While professional investors can already access around 30 of the products listed on the London Stock Exchange – after completing a test proving they can deal in “complex financial instruments” – the FCA’s recent proposal could see a four-year ban on retail access lifted as soon as September.
Crucially, the end of the prohibition will make it easier for crypto ETPs to appear in multi-asset portfolios, including those whose end users may not be qualified professionals.
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