UK Opens Door to Crypto ETNs for Retail Investors in Major FCA Policy Shift
- The UK’s Financial Conduct Authority (FCA) will allow retail investors to trade crypto exchange-traded notes (cETNs) on approved UK exchanges from October 8, reversing a 2021 ban.
- While expanding access, the FCA warns that cETNs are unsecured debt instruments and not covered by FSCS protection. The ban on retail trading of crypto derivatives remains in place.
- Only cETNs listed on FCA-approved UK exchanges will qualify, and issuers must comply with strict marketing and disclosure rules, as well as the Consumer Duty rules.
The UK’s Financial Conduct Authority will reopen the door to retail investment in crypto exchange‑traded notes from October 8, ending a three‑and‑a‑half‑year…
