UK lifts ban on crypto-ETNs: a new phase of institutionalization of digital assets

10.09.2025

october 13, 2025 - UK regulators lifted a multi-year ban on exchange-traded notes (ETNs) for cryptocurrencies, giving institutional investors direct access to digital assets through regulated financial instruments. The decision was a major milestone for the UK's financial sector, cementing its position as one of the world's leading centers for digital finance.Under the new rules, large investment funds, pension providers and banks can now purchase and trade crypto-ETNs on the country's recognized stock exchanges. The move is expected to significantly increase market liquidity and improve transparency of digital asset transactions.In the first phase of implementation, regulators are focusing on cybersecurity and investor protection. Analysts estimate that total crypto-ETN trading volume in the UK could exceed £5 billion in the first year after the ban is lifted.In September 2025, specialized events dedicated to the launch of new products based on crypto-ETN were held on the largest financial platforms in London. Market participants note high interest from institutional clients and predict further development of digital asset infrastructure in the country.Experts believe that the UK initiative may become an example for other European jurisdictions, contributing to the global spread of regulated cryptocurrency instruments.