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    Home»Crypto News»Firms weigh in as UK prepares to reverse crypto ETN ban
    Firms weigh in as UK prepares to reverse crypto ETN ban
    Crypto News

    Firms weigh in as UK prepares to reverse crypto ETN ban

    By Crypto EditorOctober 5, 2025No Comments3 Mins Read
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    Firms weigh in as UK prepares to reverse crypto ETN ban

    The UK’s Monetary Conduct Authority (FCA) is about to quickly reverse a ban on crypto exchange-traded notes (ETNs) for retail buyers enacted in 2019.

    In keeping with an Aug. 1 discover, the UK watchdog will elevate a ban on retail entry to crypto ETNs beginning on Wednesday, offered they’re traded on an “FCA-approved, UK-based funding trade.” Not like exchange-traded funds (ETFs), that are nonetheless banned within the UK for retail buyers, ETNs represented debt securities tied to crypto and never backed by any underlying property.

    With the lifting of the ban looming, corporations with operations within the UK have been weighing in on what the regulatory change may imply for retail buyers. BlackRock, the world’s largest asset administration firm, is reportedly wanting into methods to supply its iShares Bitcoin exchange-traded product to arrange for retail buying and selling on or after Oct. 8.

    Bitwise CEO Hunter Horsley, whose firm’s European operations are headquartered in London, stated on X that he was “excited to have the ability to serve extra buyers in our dwelling market in Europe in the end.”

    “Till now, the UK has been an outlier on ETNs,” Ian Taylor, board adviser to the digital property commerce affiliation CryptoUK, informed Cointelegraph. “We hope this transfer will enhance shopper protections and we are going to proceed to make the case for lifting the ban on retail buyers from accessing highly-regulated by-product merchandise.”

    In keeping with an August discover from the FCA, any asset supervisor planning to supply buying and selling of ETNs to UK retail buyers needed to have them listed on a “Recognised Funding Change.” The choice adopted consultations with corporations, commerce associations, and shopper teams.

    Associated: UK permits retail entry to crypto ETNs, indicators push to develop into crypto hub

    Firms’ choices reportedly delayed

    Firms with operations within the UK, like CoinShares and Bitwise, will be capable of supply exchange-traded merchandise with publicity to digital property. Nonetheless, the Monetary Instances reported that retail buyers may have to attend as much as per week earlier than having the ability to commerce, partially because of the FCA solely starting to just accept prospectuses on Sept. 23, two weeks earlier than lifting the ban.

    The regulator will seemingly should evaluate choices from corporations and observe up with any potential feedback or issues.