Crypto ETNs are approved for UK retail investors

UK-based retail investors will be able to buy cryptocurrency exchange-traded notes (crypto ETNs) – with safeguards in place to ensure that products aren’t missold – following new rules from the Financial Conduct Authority (FCA) which come into play later this year.

Cryptocurrencies are popular among UK retail investors. Some of the top stocks on Interactive Investor’s platform over recent months have included Tesla and MicroStrategy, both of which hold Bitcoin on their balance sheet.