The past week has sees a flurry of regulatory updates and market developments in the digital assets and crypto structured products space.
The UK Financial Conduct Authority (FCA) has approved the sale of crypto exchange-traded funds (ETNs) for professional investors. The FCA will not object to requests from Recognised Investment Exchanges (RIEs) to create a UK listed market segment for crypto asset-backed ETNs ‘The FCA will not object to requests from Recognised Investment Exchanges (RIEs) to create a UK listed market segment for crypto asset-backed ETNs,’ stated the watchdog. ‘These products would be availab