The Financial Conduct Authority proposed allowing some investment schemes to add exposure to crypto exchange-traded notes. The U.K.'s Financial Conduct Authority (FCA) proposed allowing certain retail investment funds to hold up to 10% of their assets in cryptocurrency exchange-traded notes. UCITS and NURS could be described as U.K. equivalents of mutual funds in that they are regulated, open-ended structures that pool money from retail investors into managed portfolios. The regulatory hur…
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