Posted 3/11/2024, 8:11:00 AM
UK Financial Regulator Clears Path for Institutional Crypto-Backed Investment Products
- UK's FCA opens door for institutional investors to create crypto asset-backed ETN market
- Products available to professional investors, not retail consumers who remain banned
- London Stock Exchange to accept BTC and ETH ETN applications in Q2 2024
- FCA says crypto ETNs unsuitable for retail, ban remains due to high risk
- Bitcoin breaks $71K, Ethereum tops $4K as crypto markets rally on news
