Key facts
- The UK's Financial Conduct Authority (FCA) proposed new rules for retail investment funds.
- The proposed rules would permit these funds to hold up to 10% of their assets in cryptocurrency exchange-traded notes (ETNs).
The U.K.'s Financial Conduct Authority (FCA) has put forward a proposal that would permit certain retail investment funds to include cryptocurrency exchange-traded notes (ETNs) within their portfolios. Under the proposed guidelines, these funds could allocate up to 10% of their assets to such instruments. This move signifies a potential step towards greater integration of digital assets within mainstream investment products in the United Kingdom.