Summary
- It was reported that British institutional investors are preparing to actively invest in crypto asset exchange-traded products (ETPs).
- The Research Director at WisdomTree stated that the Financial Conduct Authority (FCA) is reviewing whether to allow retail investors access to crypto asset ETPs.
- If the FCA grants approval, institutional investors could invest retail client funds into crypto asset ETPs within a few weeks.
According to Decrypt, a crypto-focused media outlet, on the 17th (local time), British institutional investors are reportedly preparing to allocate retail client funds to crypto asset exchange-traded products (ETPs).
Dovile Silenskyte, Research Director at WisdomTree, stated, "The Financial Conduct Authority (FCA) is currently reviewing whether to allow retail investors access to crypto asset ETPs," and added, "If the FCA grants approval, institutional investors managing retail client funds could actively begin investing within a few weeks."
JH Kim
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