The UK Financial Conduct Authority (FCA) has announced that individual investors will gain access to crypto-backed exchange-traded notes (ETNs) starting October 8, 2025.
Crypto ETN Restrictions
Access will be limited to products traded on FCA-approved investment exchanges in the UK. The existing ban on crypto derivatives products will remain in place.
FCA's Perspective
David Geale, executive director of FCA's payment systems and digital finance unit, stated: > "Since restricting retail investor access, the cryptocurrency ETN market has evolved; products are more widely available and better understood. This allows us to offer consumers more choice while ensuring the necessary protections are in place."
New Rules and Investor Rights
Companies offering these products will be required to adhere to Consumer Duty rules, ensuring fair treatment of consumers and product offerings tailored to their needs.
In conclusion, FCA is taking a step towards expanding the options for investors in crypto exchange-traded notes while emphasizing the importance of compliance and consumer protection.
