Overview
- Stratiphy now lets UK investors hold three 21Shares products—Bitcoin, Ether, and a Bitcoin-and-gold ETN—inside an Innovative Finance ISA, a tax wrapper usually used for peer-to-peer lending.
- HMRC removed new crypto ETN purchases from standard stocks and shares ISAs at the start of the tax year, leaving IF ISAs as the only ISA option for tax relief.
- Major platforms such as Interactive Investor, Freetrade, and Revolut still list crypto ETNs yet do not offer IF ISAs, so many users lack a single place to get both access and tax benefits.
- IF ISA accounts typically fall outside the Financial Services Compensation Scheme, which means money held this way does not have the usual state-backed protection.
- The FCA is consulting on a fuller crypto regime expected to take effect in 2027, which could change product rules as surveys point to strong retail demand for regulated exposure.