UK fintech platform Stratiphy has launched a brand new providing that provides traders a sensible tax-free route again into crypto exchange-traded notes (ETNs) for UK traders after a collection of regulatory shifts successfully shut traders out.
In October 2025, the Monetary Conduct Authority lifted its four-year ban on retail entry to crypto ETNs tied to property like Bitcoin (BTC) and Ether (ETH). These merchandise might initially be held in commonplace stocks-and-shares Particular person Financial savings Accounts (ISAs), providing tax-free publicity.
Nonetheless, that changed initially of the brand new tax yr, when HM Income & Customs dominated that new purchases of crypto ETNs would now not qualify for these ISAs. As an alternative, eligibility was restricted to Revolutionary Finance (IF) ISAs, a distinct segment wrapper sometimes used for peer-to-peer lending, and no platform supplied each, leading to a lifeless finish for traders searching for entry.
Stratiphy’s launch now reopens that route by providing three ETNs issued by 21Shares, overlaying Bitcoin, Ether and a blended Bitcoin-gold product, according to the Monetary Instances.
Cointelegraph reached out to Stratiphy for remark, however had not acquired a response by publication.
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UK platforms supply crypto ETNs
Crypto ETNs are already obtainable by platforms comparable to Interactive Investor, Freetrade and Revolut. Nonetheless, none presently supply IF ISAs, and people accounts fall outdoors the UK’s Monetary Companies Compensation Scheme, per the FT.
Buying and selling 212, considered one of Europe’s largest on-line funding platforms, additionally reportedly allowed UK retail clients to commerce crypto ETNs without the required regulatory permission. The corporate later sought the right authorization after being contacted by regulators.
An October 2025 analysis report by IG Group predicted that the UK crypto market might develop by as much as 20% following the relaunch of crypto ETNs. The examine discovered that round 30% of UK adults would contemplate investing in crypto by ETNs, largely as a result of perceived security and regulatory oversight these merchandise supply.
Associated: UK plans payments rule changes for stablecoins, tokenized deposits
UK FCA opens session on crypto guidelines
As Cointelegraph reported, the UK’s Monetary Conduct Authority (FCA) has launched a consultation on steering for its upcoming crypto regulatory framework, which is predicted to take full impact on October 25, 2027. The regulator is searching for trade enter on guidelines overlaying areas comparable to stablecoin issuance, buying and selling, custody and staking.
The steering is a part of a wider set of consultations launched since late 2025 and goals to arrange companies for the brand new regime, below which crypto corporations will want FCA authorization.
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