The UK's Financial Conduct Authority (FCA) has approved listed crypto Exchange-Traded Notes (ETNs) for professional investors, limiting retail access. The FCA won't object to recognized exchanges creating a market segment for crypto asset-backed ETNs. Industry executives criticize the FCA for restricting crypto ETNs to professionals only, sparking interest in crypto investments among the public.
Good one BBC, everyone in the UK/Ireland who saw this now wants to buy some #crypto… …and has NO idea the #FCA’s still trying to block UK retail access to #crypto ETPs! Do yr friends, family & colleagues a favour & share #KR1’s superlative track record to date… https://t.co/9dqBjrrjYf https://t.co/iYdNP2Sw2q
The UK’s FCA didn’t go far enough in supporting crypto ETNs for professional investors only, industry executives argue https://t.co/4isVPfRfqz
UK Watchdog Says It Will Not Object to #Crypto ETN Listing Requests #cryptoassets https://t.co/F8E7R2xjf1
The @TheFCA says it won’t object to requests from recognized investment exchanges to build a listed market segment for crypto asset-backed exchange-traded notes. https://t.co/FQbTsPjc1j
UK's #FCA scrambles to catch up & finally approves listed #crypto ETNs...but fudges their decision by limiting them to professional investors: https://t.co/S4mQVISOgN Expect to see $BTC & $ETH LSE-listed ETNs in Q2 (next mth?): https://t.co/gMsET1sKqA https://t.co/YeaPgQB0Hf