UK FCA Proposes 10% Cap for Funds Holding Crypto ETNs

TLDR UK FCA proposes allowing authorized funds to hold up to 10% in crypto ETNs. The consultation forms part of the FCA’s 52nd quarterly paper and closes on July 13. UCITS and most non-UCITS retail schemes would qualify under the proposed framework. Qualified investor schemes would face no allocation cap under the proposal. Long-term asset [...]

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