UK financial regulator moves to allow mutual funds 10% exposure to crypto ETNs
The UK's Financial Conduct Authority has proposed allowing retail investment funds to allocate up to 10% of their assets into cryptocurrency exchange-traded notes. This move aims to modernize investment options while maintaining regulatory safeguards for retail participants.
Why it matters
This represents a significant shift in institutional crypto adoption, potentially increasing liquidity and mainstream access to digital assets in the UK.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email UK financial regulator moves to allow mutual funds 10% exposure to crypto ETNs The Financial Conduct Authority proposed allowing some investment schemes to add exposure to crypto exchange-traded notes. By Jamie Crawley | Edited by Sheldon Reback Jun 9, 2026, 3:39 p.m. 1 min read Make preferred on (FCA) What to know : The U.K. s Financial Conduct Authority (FCA) proposed allowing certain retail investment funds to hold up to 10% of their assets in cryptocurrency exchange-traded notes. UCITS and NURS could be described as U.K. equivalents of mutual funds in that they are regulated, open-ended structures that pool money from retail investors into managed portfolios. The regulatory hurdles to wider access to crypto ETNs has drawn criticism from commentators who say it risks placing the U.K. at a disadvantage to its peers.
The article provides a balanced overview of the regulatory proposal and the rationale behind it.
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