UK fintech Stratiphy restores access to tax-free crypto ETNs via IF ISAs

Stratiphy has launched a new offering to allow UK investors to access crypto ETNs through Innovative Finance ISAs after tax rule changes restricted eligibility. HM Revenue and Customs removed crypto ETNs from standard ISAs, leaving investors without a tax-free route until this structure emerged. Regulatory changes have impacted retail access to crypto-linked investment products, with the FCA lifting its ban on crypto ETNs in October 2025. Despite this, HM Revenue & Customs ruled that new purchases of crypto ETNs would no longer qualify for traditional ISAs, limiting eligibility to IF ISAs. Stratiphy’s launch addresses this gap by offering three ETNs issued by 21Shares. Regulatory oversight and the FCA’s plans to implement a new framework for crypto assets have also been highlighted.