Following approval, UK investors can once again hold cryptocurrency ETNs in a tax-free account, thanks to fintech startup Stratiphy's new offering. This development allows users to personalize their investment strategies through crypto ETNs and Innovative Finance ISAs. ISAs enable users to save up to £20,000 annually without incurring income tax or capital gains tax on returns.
Stratiphy's platform manages £4 million for 2,000 clients and will provide access to three ETNs from 21Shares, including those tracking bitcoin, ether, and a BTC and gold combination. According to CEO Daniel Gold, there is significant interest in these crypto products, which offer a unique way to diversify portfolios with low correlation to other asset classes.