Ah yes, more acronyms.
UK Regulators just opened the door to Crypto ETNs… this could be interesting.
What is it?
A Crypto ETN (Exchange Traded Note) is a financial product that tracks the price of a chosen Cryptocurrency (like Bitcoin or Ethereum) but… you don't actually own it. The best way to think about it is:
- A stock like product that mirrors Crypto prices
- No wallets, keys etc
- Traded on regular investment platforms
- But also, higher risk and no FSCS protection (eek).
For years, the Financial Conduct Authority (FCA) had banned Crypto on regular trading platforms due to the volatility and risk profile of it all. However, slight shift is happening which may be because it's proven impossible to completely prevent Crypto investments.
My take is they're accepting slight defeat and have decided to welcome it but with their own appetite of regulation.
What you should know:
🗓️ Effective as of 8th October 2025
✔︎ You'll be able to buy Crypto ETNs via FCA recognised platforms
⛔️ There is no FSCS protection if the platform fails - this one is important because even if your investment performs well… in the unlikely (but plausible) scenario that the platform goes bust, you're on your own - sorry.
🧾 From April 2026, ETNs will only qualify under the Innovative Finance ISA (not Stocks & Shares)
It's an interesting move, I can't say that I personally will be diving in. The way I see it is, I haven't had an appetite for Crypto prior to the announced changes so I wouldn't let this influence my investment choices.
However, if you've considered dabbling in the Crypto market, this could be an avenue to explore - please note with investing your Capital is at risk.
Same time next week? Chat then!
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