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US–UK Transatlantic Taskforce Launches Ahead of FCA’s October Crypto ETN Access
Yahoo Finance· 2025-09-23 14:32
Group 1 - The U.K. and U.S. have established the "Transatlantic Taskforce for Markets of the Future" to enhance collaboration on capital markets and digital assets [1][2][6] - The taskforce aims to align digital asset policies, particularly as the U.K. prepares to launch its first BTC-tracking Exchange Traded Notes (ETNs) in October [1][2][6] - The initiative will focus on both short-to-medium term collaboration while exploring long-term partnership opportunities in the digital asset space [2][3] Group 2 - The taskforce will also work on improving links between capital markets in the U.K. and U.S., facilitating cross-border investment [3] - The U.K. has diverged from the U.S. in its approach to crypto investment products, favoring ETNs over Exchange-Traded Funds (ETFs) [4] - Crypto ETNs have gained popularity in Europe, with some vehicles amassing assets exceeding $1 billion, despite the risks associated with their structure [5]