FCA could lift ban on crypto ETNs for UK retail investors

Some hope that the consultation could lead to a lifting of the ban on crypto ETF sales in the future

Cryptocurrency coins on Binance trading app, including bitcoin and ethereum
(Image credit: Chinnapong via Getty Images)

The Financial Conduct Authority (FCA) is to consult on lifting the ban on selling cryptocurrency Exchange-traded notes (ETNs) to retail investors in the UK.

ETNs are similar to an exchange-traded fund (ETF), but they are technically debt instruments that mirror the performance of a specific asset. A crypto ETN would track the price of a specific cryptocurrency, such as bitcoin.

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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.