UK Lifts Ban on Crypto ETNs for Retail Investors

The Financial Conduct Authority (FCA) of the UK is set to lift its ban on cryptocurrency exchange-traded notes (ETNs) for retail investors. The FCA had initially banned ETNs in January 2021, citing concerns over their volatility and complexity for retail investors. However, with the growing global acceptance of cryptocurrency, the UK aims to avoid being left behind in this rapidly evolving market.

An ETN is a debt security instrument offered by recognized entities, with its value tied to an underlying asset, such as a specific cryptocurrency. As the price of the underlying asset fluctuates, so does the price of the ETN. This regulatory shift comes at a time when crypto ownership in the UK has seen a significant increase, rising from 18% in 2024 to 24% in 2025, surpassing that of the US. This growth underscores the need for a comprehensive regulatory framework to govern the ownership and use of digital assets in the country.

In the US, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act is expected to undergo a floor vote soon. This legislation aims to regulate various aspects of stablecoins, including permitted issuers, transparency, consumer protection, federal and state-level oversight authority, and legal classification. A more favorable regulatory environment is anticipated to foster a thriving crypto market, with Bitcoin recently reaching an all-time high of $112K. With continued legislative support, Bitcoin could potentially hit $150K.

For investors looking to capitalize on the momentum of the crypto market, several altcoins present promising opportunities. Snorter Token ($SNORT) is highlighted as a top choice, particularly due to its potential for growth in the meme coin niche. Snorter Token is a Telegram-native trading bot designed to quickly purchase the best meme coins upon their launch, helping users outsmart market bots and whales. The bot offers robust security features, including honeypot and rugpull detection, real-time blacklist scans, and freeze alerts. Additionally, it provides copy-trading tools, portfolio tracking, and competitive trading fees of just 0.85% for holders of $SNORT. The presale for Snorter Token has already raised over $575K, with each token currently priced at $0.0947.

Another notable altcoin is BTC Bull Token ($BTCBULL), which allows investors to benefit from Bitcoin's upcoming bull run at a fraction of the cost. According to predictions, BTC Bull Token could reach $0.0096 by 2026, representing a 3.7x increase from its current price of $0.00255. The token also offers free Bitcoin airdrops when Bitcoin reaches $150K and $200K for the first time, adding to its appeal. To be eligible for these airdrops, investors must hold their $BTCBULL tokens in Best Wallet and participate in social media events. The project has garnered nearly $7M in early investor funding, making it one of the best crypto presales available.

KoKoK The Roach ($KOKOK) is another meme coin that has gained significant traction since its launch at the end of May. With a 310% increase since its inception and a 28% gain over the past seven days, $KOKOK has proven to be a force in the crypto space. Currently trading at $0.1724 with a market capitalization of $35M, $KOKOK has the potential to surpass its all-time high of around $0.20 and become one of the year's top meme coins. Despite the market's bullish outlook due to pro-crypto regulatory reforms, investors are advised to conduct their own research before investing, as the crypto market remains highly unpredictable and volatile.