A proposed rule change would enable UK authorised funds to hold crypto ETNs, reflecting the growing integration of digital assets into mainstream investment markets.
The UK's Financial Conduct Authority (FCA) has proposed allowing UK Ucits schemes and non- Ucits retail schemes (NURS) to invest up to 10% of their assets in cryptoasset exchange-traded notes ( cETNs ), marking a significant shift in the regulator's approach to digital asset exposure within retail investment funds. We want the range of investments for authorised funds to remain contemporary and consistent with the demands of investors in a