UK crypto market poised for 20% growth following launch of crypto ETNs
The UK crypto market could grow by up to 20% following the introduction of regulated crypto Exchange-Traded Notes (ETNs) on Thursday (8th October), according to new research from investing and trading platform IG.
ETNs are regulated investment products that track the price of an asset without requiring investors to hold it directly. The Financial Conduct Authority (FCA) recently announced plans to make crypto ETNs widely available to retail investors from October 8.
IG’s new research finds 30% of UK adults would consider investing in crypto via ETNs. This represents a significant potential uplift from current levels of crypto ownership – 12%, according to the FCA’s latest study, and 25% according to IG’s new study….
