Retail investors will soon be able to invest in cryptoasset-backed exchange traded notes (ETNs) in a major boost for the blockchain sector.
UK financial regulators have been slowly opening up access to cryptoasset-related investments in an official capacity.
Last year, the Financial Conduct Authority (FCA) approved the country’s first London-listed crypto ETNs – unsecured debt securities that provide returns to investors based on the performance of cryptocurrencies – for institutional and professional investors.
The financial watchdog teased taking things a step further in June with proposals to extend the availability of the investment to retail consumers, massively opening up access to crypto investments in the UK.
On Friday the FCA confirmed that, in the name of competitiveness, retail consumers will be able to access crypto ETNs that are traded on approved exchanges.
“Since we restricted retail access to cETNs, the market has evolved, and products have become more mainstream and better understood,” said David Geale, executive director of payments and digital finance at the FCA.
“In light of this, we’re providing consumers with more choice, while ensuring there are protections in place. This should mean people get the information they need to assess whether the level of risk is right for them.”
The change will officially come into force on 8 October 2025.
Read more: UK crypto ambitions clash with banking barriers
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