U.K. Opens Crypto ETNs to Retail Investors, Triggering Fee War Among Fund Providers
The United Kingdom’s decision to allow retail investors to access crypto-based exchange-traded notes (ETNs) has ignited a price war among fund providers.In an effort to attract investors, several issuers have started cutting management fees, leading to a sharp decline in product costs across Europe’s crypto investment market. Analysts say the move benefits investors through lower…