UK mutual funds may soon be allowed to hold crypto ETNs, but only with a 10% leash
The UK Financial Conduct Authority is weighing a rule that would let UCITS schemes and most non-UCITS retail schemes hold crypto exchange-traded notes, capped at 10% of scheme property. The proposal, set out in the FCA’s CP26/17 consultation, would move crypto exposure deeper into regulated fund plumbing. Retail investors already gained a route to crypto...
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