Following approval, UK investors can now hold cryptocurrency ETNs in a tax-free account, thanks to Stratiphy's new offering. This fintech startup allows users to personalize investment strategies and offers both 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 will provide access to three ETNs from 21Shares, covering bitcoin, ether, and a combination of BTC and gold. The company manages £4 million for 2,000 clients and sees significant interest in these crypto products, which offer a unique way to diversify portfolios with low correlation to other asset classes.