UK investors can now hold tax-free crypto ETNs

U.K. investors can now hold cryptocurrency exchange-traded notes (ETNs) within tax-free Individual Savings Accounts (ISAs) thanks to fintech startup Stratiphy. The company has received approval to offer crypto ETNs, including those for bitcoin and ether, through an Innovative Finance ISA (IFISA). This development follows a recent classification by the U.K.'s tax authority, which designated crypto ETNs as instruments exclusively available within IFISAs. Stratiphy's offering addresses a market gap, enabling U.K. residents to invest in crypto assets within a tax-advantaged wrapper, potentially increasing retail investor access to digital assets.