UK FCA Proposes up to 10% Crypto ETNs Allocation for Investment Funds

Uk allows up to 10 percent crypto etn in funds

🚨 New FCA proposal lets funds put up to 10 percent in $BTC and other crypto ETNs. 💡 Regulated investment funds could soon access listed crypto assets, but with strict risk controls. 📈 The move updates UK rules, following similar shifts in European markets. Continue Reading:Uk...

UK FCA permits crypto ETNs for UK funds but imposes strict ceiling

The United Kingdom’s Financial Conduct Authority has proposed allowing authorized investment funds to allocate up to 10% of their assets to crypto exchange-traded notes, while keeping direct cryptocurrency ownership off limits. According to the FCA’s 52nd quarterly consultation paper, the…

UK FCA proposes up to 10% crypto ETNs allocation for investment funds

The United Kingdom’s asset regulator, the Financial Conduct Authority (FCA), has proposed a new standing for investment funds which would allow them to have up to 10% of their assets in crypto exchange traded notes (ETNs), in a move geared towards opening regulated funds to digital asset exposure. This proposal was published as part of the FCA’s 52nd quarterly consultation paper, with the consultation window closing on July 13. FCA proposal Port…

UK FCA Proposes 10% Cap For Funds Investing In Crypto ETNs

BitcoinWorld UK FCA proposes 10% cap for funds investing in crypto ETNs The UK’s Financial Conduct Authority (FCA) has proposed allowing authorized investment funds to allocate up to 10% of their assets to crypto exchange-traded notes (ETNs), according to a report from The Block. The proposal, which is currently open for consultation, targets public funds known as UCITS (Undertakings for Collective Investment in Transferable Securities) and mos…