Crypto ETNs are approved for UK retail investors

The FCA has approved the sale of crypto ETNs to retail investors from October. What is a crypto ETN, and what does this mean for investors?

3d render Bitcoin sitting on Business and Financial and Technical Data Chart representing cryptocurrency ETNs
(Image credit: spawns cia Getty Images)

UK-based retail investors will be able to buy cryptocurrency exchange-traded notes (crypto ETNs) – with safeguards in place to ensure that products aren’t missold - following new rules from the Financial Conduct Authority (FCA) which come into play later this year.

Cryptocurrencies are popular among UK retail investors. Some of the top stocks on Interactive Investor’s platform over recent months have included Tesla and MicroStrategy, both of which hold Bitcoin on their balance sheet.

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Dan McEvoy
Senior Writer

Dan is a financial journalist who, prior to joining MoneyWeek, spent five years writing for OPTO, an investment magazine focused on growth and technology stocks, ETFs and thematic investing.

Before becoming a writer, Dan spent six years working in talent acquisition in the tech sector, including for credit scoring start-up ClearScore where he first developed an interest in personal finance.

Dan studied Social Anthropology and Management at Sidney Sussex College and the Judge Business School, Cambridge University. Outside finance, he also enjoys travel writing, and has edited two published travel books.