Morningstar highlights extreme volatility, tighter UK retail access through ISA changes, and growing structural frictions, reinforcing its view that crypto allocations should remain modest within diversified portfolios.
Morningstar Research Services has released the Crypto ETPs in Europe – 2026 report, examining regulatory developments in the UK alongside trends in the European crypto exchange traded product market. The report focused on the implications of regulatory changes introduced by the UK Financial Conduct Authority and HM Revenue & Customs, as well as market flows, asset concentration, risk characteristics and portfolio considerations for crypto linked products. According to Morningstar, a