
The UK FCA proposes a 10% cap on retail funds’ holdings of crypto ETNs, launching a five-week consultation
According to CoinTelegraph on June 9, the UK Financial Conduct Authority (FCA) proposed in a quarterly consultation paper to allow certain authorised investment funds—including transferable securities collective investment schemes (UCITS) funds and some non-UCITS funds—to hold up to 10% of cryptocurrency exchange-traded notes (ETNs). The public consultation will run for 5 weeks, with a deadline of July 13. Confirmed Terms of the FCA Proposal: Scope, Exclusion Mechanisms, and Policy Background Ba








