The UK regulator has approved crypto exchange-traded notes (ETNs) for institutional investors, as reported by Ledger Insights, signaling a significant development in the cryptocurrency market. This move has led to an influx of crypto exchange-traded products (ETPs) in London, attracting major crypto ETF providers. Despite the enthusiasm from large providers, there's a call, highlighted by the Financial Times (FT), for a reconsideration of the ban on retail participation. Financial advisers are navigating the rally fueled by bitcoin ETFs, advising clients amid the evolving landscape. The FT reports that the new bitcoin ETFs will be listed in the UK, targeting professional investors while restricting retail investor participation.
The UK is set to welcome crypto ETPs, but restrict the participation of retail investors. Read more about it below. https://t.co/snV2Z6Nomi #Crypto | #Tech | #News
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