FCA Proposes Allowing Retail Funds to Allocate Up to 10% to Crypto ETNs

According to Cointelegraph, on June 9, the UK Financial Conduct Authority (FCA) proposed allowing retail investment funds to allocate up to 10 percent of their assets to crypto exchange-traded notes (ETNs). The proposal aims to provide a controlled pathway for fund managers to gain regulated exposure to digital assets while managing portfolio risk through the 10 percent cap.
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