UK fintech platform Stratiphy has launched a brand new providing that offers buyers a sensible tax-free route again into crypto exchange-traded notes (ETNs) for UK buyers after a sequence of regulatory shifts successfully shut buyers out.
In October 2025, the Monetary Conduct Authority lifted its four-year ban on retail entry to crypto ETNs tied to belongings like Bitcoin (BTC) and Ether (ETH). These merchandise may initially be held in commonplace stocks-and-shares Particular person Financial savings Accounts (ISAs), providing tax-free publicity.
Nevertheless, that modified at first of the brand new tax 12 months, when HM Income & Customs dominated that new purchases of crypto ETNs would not qualify for these ISAs. As a substitute, eligibility was restricted to Revolutionary Finance (IF) ISAs, a distinct segment wrapper usually used for peer-to-peer lending, and no platform supplied each, leading to a lifeless finish for buyers in search of entry.
Stratiphy’s launch now reopens that route by providing three ETNs issued by 21Shares, masking Bitcoin, Ether and a blended Bitcoin-gold product, in line with 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 way of platforms equivalent to Interactive Investor, Freetrade and Revolut. Nevertheless, none at the moment supply IF ISAs, and people accounts fall exterior the UK’s Monetary Providers Compensation Scheme, per the FT.
Buying and selling 212, certainly one of Europe’s largest on-line funding platforms, additionally reportedly allowed UK retail prospects to commerce crypto ETNs with out 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 may broaden 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 way of ETNs, largely as a result of perceived security and regulatory oversight these merchandise supply.
Associated: UK plans funds rule modifications for stablecoins, tokenized deposits
UK FCA opens session on crypto guidelines
As Cointelegraph reported, the UK’s Monetary Conduct Authority (FCA) has launched a session on steering for its upcoming crypto regulatory framework, which is anticipated to take full impact on October 25, 2027. The regulator is in search of trade enter on guidelines masking areas equivalent 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 organize corporations for the brand new regime, beneath which crypto corporations will want FCA authorization.
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