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Tax-free bitcoin is back: How UK investors can avoid paying duty on crypto investments once more
Stratiphy will offer access to three ETNs provided by 21Shares: those covering bitcoin, ether and one combining BTC and gold.
Apr 22, 2026, 2:11 p.m.
What to know:
- Investors in the U.K. can once again hold crypto ETNs in their tax-free individual savings accounts (ISAs).
- Stratiphy will offer access to three ETNs provided by 21Shares, those covering bitcoin, ether and one combining bitcoin and gold, through an Innovative Finance ISA.
- The U.K.’s tax authority classified crypto ETNs as instruments only available in Innovative Finance ISA from the start of the current tax year, but no company offered both.
ISAs allow users to save up to 20,000 pounds ($27,000) a year without paying income tax or capital gains tax on the returns. The two most common types are cash ISAs, which pay interest, and stocks and shares ISAs, which invest in equities and exchange-traded instruments.
At the end of February, the U.K.’s tax authority, His Majesty’s Revenue and Customs (HMRC), classified crypto ETNs as instruments only available in IFISAs from the start of the current tax year on April 6.
This essentially made last year’s decision to lift the ban on retail users accessing crypto ETNs redundant because no mainstream investment platform offered IFISAs. The few that did had no plans to offer crypto products.
