CryptoETNs

Starting October 8, 2025, retail investors in the UK will be able to access crypto exchange traded notes (cETNs) on FCA-approved investment exchanges. This move reflects the regulator's confidence in improved market transparency and consumer understanding, though protections like FSCS coverage will not apply.

On October 6, 2025, Bitcoin hit a new record high, coinciding with the UK's FCA lifting a four-year ban on crypto exchange-traded notes (ETNs) for retail investors. This regulatory change has opened up new opportunities for UK retail investors and contributed to unprecedented inflows into crypto exchange-traded products across Europe.