UK Funds Get 10% Crypto ETN Leash
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The UK is cautiously opening its mutual fund market to crypto exposure. A new proposal would allow UCITS and most Non-UCITS Retail Schemes (NURS) to invest in crypto exchange-traded notes (ETNs), but with a strict 10% cap on assets. This limited allocation aims to balance investor demand for digital assets with regulatory prudence, as direct crypto holdings remain off-limits. The move signals a measured step toward institutional adoption, potentially boosting liquidity and credibility for crypto ETNs while protecting retail investors from excessive risk. However, the 10% leash may limit the impact on broader market inflows.
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