<ul data-eligibleForWebStory="false"><li>21Shares responds to the UK Financial Conduct Authority's proposal to allow retail clients access to crypto exchange-traded notes (cETNs) on UK exchanges.</li><li>21Shares criticizes the proposed framework as overly restrictive and urges for a more inclusive approach that aligns with international best practices.</li><li>Key concerns highlighted by 21Shares include geographic limitations, asset concentration risk, and the misclassification of cETNs as Restricted Mass Market Investments (RMMIs).</li><li>21Shares recommends recognizing regulated cETNs from overseas exchanges, establishing transparent eligibility criteria for a wider range of cryptoassets, and ensuring cETNs are not classified as RMMIs to enhance market liquidity and innovation.</li></ul>

UK Move for Retail to Buy Crypto ETNs is Too Restrictive

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