HANetf head of research Tom Bailey talked with Proactive's Stephen Gunnion about the implications of the UK Financial Conduct Authority's decision to reverse its 2021 ban on crypto exchange-traded commodities (ETCs) for retail investors.
Bailey described the move as “a major shift,” noting that since 2021, retail investors in the UK had been restricted from purchasing crypto ETCs via their usual investment platforms. “Lifting the ban means investors are once again able to buy and hold crypto through their kind of regulated brokers,” he said.
He highlighted that this change will bring the UK in line with jurisdictions such as the US and Europe, where retail investors have been able to access cryptocurrencies through regulated products. Bailey also emphasised that while the inherent price volatility of cryptocurrencies remains unchanged, the new structure mitigates custody risk. “Crypto ETCs like all ETCs take that risk or reduce that risk. It’s being custodied, institutional grade,” he explained.
Drawing parallels with the rollout of gold ETCs in the 2000s, Bailey pointed out that crypto ETCs offer a similar simplification and mainstreaming of access, allowing these digital assets to sit alongside other investment options within standard portfolios.
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