FCA clears path for UK retail crypto ETF trading—kind of
The UK’s Financial Conduct Authority has proposed lifting its longstanding ban on crypto exchange-traded notes for retail investors, opening the door for broader access to regulated crypto exposure through public investment exchanges.
The move, announced June 6, forms part of a broader regulatory push to bolster market competitiveness and reduce barriers for financial firms.
Retail investors would be allowed to purchase crypto ETNs, debt instruments tied to digital asset prices, if these are listed on a recognized investment exchange and meet the UK’s financial promotion rules.
The FCA emphasized that safeguards would still apply, including requirements for risk disclosures and restrictions on promotional incentives, similar to the…
