TechFlow, on August 3, according to CoinDesk, the UK Financial Conduct Authority (FCA) announced that retail investors in the UK will be permitted to purchase cryptocurrency exchange-traded notes (cETNs) starting October 8, 2025.
Previously, the FCA had banned retail access to cryptocurrency ETN products in 2021, citing investor protection concerns. As the market matures, regulators are now relaxing restrictions, but with the following conditions:
-
cETNs must be listed on a UK-based exchange recognized by the FCA
-
Products must comply with financial promotion rules to prevent misleading advertising and improper incentives
-
The FCA's "consumer duty" rules will apply, requiring firms to avoid foreseeable harm
-
These products will not be covered by the Financial Services Compensation Scheme (FSCS)
This move comes as the US has already opened up multiple cryptocurrency ETF products. According to SoSoValue data, US cryptocurrency ETFs have cumulatively attracted $146.4 billion in net assets.
