The UK Financial Conduct Authority (FCA) is preparing to lift its ban on retail crypto Exchange-Traded Notes (ETNs) by October 8, 2025. This decision is attributed to the growth of investor understanding and the market’s evolution into a more mature state. The FCA will allow these ETNs to be traded through approved exchanges that have been granted recognition for their adherence to regulatory standards. This move aims to offer enhanced access to Bitcoin (BTC) and Ethereum (ETH) investments for UK retail investors, while ensuring investor security with robust protections in place. 2025 marks a turning point in the UK’s approach towards cryptocurrencies, with major firms such as BlackRock and Bitwise already poised to enter the market.