UK FCA Lifts Ban Allowing Retail Crypto ETN Trading

Fineqia International focuses on creating enhanced yield exchange-traded products (ETPs) in the digital asset space, offering products like Bitcoin Enhanced Yield ETP and Cardano Enhanced Yield ETN that generate additional income through decentralized finance protocols. Europe is favored for listing these products due to its mature regulatory environment, with existing listings on exchanges such as Euronext and the Vienna Stock Exchange. Meanwhile, several new crypto ETFs for Solana, Litecoin, and Hedera are set to launch soon, aiming to provide regulated and accessible investment options to traditional investors, although their approval depends on the U.S. SEC. In the UK, the Financial Conduct Authority (FCA) has lifted the ban on retail access to certain crypto exchange-traded notes (cETNs), which are now available on recognized investment exchanges, but firms must comply with strict rules including financial promotion restrictions and the Consumer Duty to ensure fair value, appropriate targeting, and clear information for consumers. The FCA has issued detailed guidance emphasizing the complexity of cETNs, requiring firms to obtain correct permissions and notify the regulator when offering these products, while also outlining obligations to avoid causing foreseeable harm and support consumers' financial objectives. These developments collectively represent significant progress toward regulated and accessible crypto investment products for retail and institutional investors in Europe and beyond.