The UK's encryption asset policy has entered a new phase, with a dual approach of lifting bans and implementing reforms.Recently, the UK Financial Conduct Authority (FCA) announced the end of the years-long retail investment ban on Exchange-Traded Notes (ETN) for crypto assets, allowing retail investors to purchase Bitcoin, Ethereum, and other crypto asset ETNs on regulated securities exchanges.
Cryptocurrency asset ETN is an exchange-traded note linked to cryptocurrency assets and is a type of ETF tool. Essentially, they allow investors to gain exposure to cryptocurrency assets through regulated exchanges.
This policy change will take effect from October 16, 2025, and after approval, platforms such as the London Stock Exchange will begin trading the corresponding products. According to regulatory requirements, the cryptocurrency assets ETN listed on the London Exchange must be fully backed by physical Bitcoin or Ether, and leverage is not allowed.
The FCA stated that the market has matured and is providing qualified retail clients with protections for investors.
金色财经_·2025-10-13 14:06