UK lifts ban on retail access to crypto ETNs

October 09, 2025 Reported by AI

The UK's Financial Conduct Authority has ended its four-year ban on retail investors accessing bitcoin and crypto exchange-traded notes, effective October 8, 2025. This allows firms to offer these products on approved exchanges like the London Stock Exchange. The move could boost the UK crypto market by up to 20%, according to research.

US dollar index hits two-month high despite Fed rate cuts

The US Dollar Index (DXY) has climbed to its highest level in two months, reaching 98.9 points since the Federal Reserve's September rate cut. This rebound contradicts expectations of dollar weakening and coincides with Bitcoin's decline, highlighting their inverse correlation. Analysts attribute the rise to global political instability and market dynamics.

Investor Steve Eisman describes Tesla shareholders as a cult

Steve Eisman, the investor portrayed in The Big Short, has labeled Tesla and its shareholders a cult due to the stock's detachment from fundamentals. Speaking on the Lemondae Stand podcast, he highlighted Tesla's declining earnings amid a rising stock price. Eisman avoids investing in Tesla despite owning other major tech stocks.

Morgan Stanley expands crypto fund access for all wealth clients

October 11, 2025 Reported by AI

Morgan Stanley announced on October 10 that starting October 15, its financial advisors can offer cryptocurrency funds to any wealth management client, regardless of account type or asset level. This policy shift removes prior restrictions limiting access to high-net-worth individuals with aggressive risk profiles. The change aligns with evolving U.S. regulatory approvals for crypto exchange-traded funds.