Crypto Exchange-Traded Notes

• Diversify your clients’ portfolios to cover a wider range of asset classes and indices with our range of cETNs from popular providers.
• Available within an Investment Account. Get up-to-date valuations alongside your clients’ other investments.
• No dealing fees apply if you are trading on behalf of your client (if a client sells the cETN directly through us dealing fees will apply)  

Corporate Actions for cETNs can be viewed online once you have selected your client.

Please note that the value of investments and the income from them can go down as well as up so clients may get back less than they invest. Not eligible for investments within an ISA, a Pension, a Junior ISA or a Junior Pension. 

Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.

What are the key risks?

1. Your clients could lose all the money they invest.

• The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. Your clients should be prepared to lose all the money they invest in cryptoasset exchange-traded notes.
• The cryptoasset market is largely unregulated. There is a risk of losing money due to risks such as cyber-attacks, financial crime and firm failure.

2. Your clients should not expect to be protected if something goes wrong.

• The Financial Services Compensation Scheme (FSCS) doesn’t protect this type of investment because it’s not a type of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker here.
• Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. Learn more about FOS protection here.

3. Cryptoasset investments can be complex.

• Investments in cryptoasset-linked products can be complex, making it difficult to understand the risks associated with the investment.
• You should do your own research before investing. If something sounds too good to be true, it probably is.

4. Don’t put all your eggs in one basket.

• Putting all your clients’ money into a single type of investment is risky. Spreading your clients’ money across different investments makes them less dependent on any one to do well.
• The FCA suggests not investing more than 10% of a client’s portfolio in high-risk investments.
• For further information about cryptoassets, visit the FCA’s website here.