Research Library · Reading path

Crypto ETNs and ISAs: The UK Rules

Crypto exchange-traded notes became available to UK retail investors in 2025, with specific rules on which ISAs can hold them. These entries set out the current position. Every entry links to its original source. Your ISA provider can say which products it offers.

Individual Savings Account (Amendment) Regulation 2026
HMRC
Policy paper
2026-03-09
Tax

Policy note on regulations restricting cryptoasset Exchange Traded Notes to Innovative Finance ISAs from 6 April 2026, with existing holdings allowed to remain.

FCA opens retail access to crypto ETNs
FCA
Policy statement
2025-08-01
Regulation

The FCA's decision to lift the 2021 retail ban on crypto exchange traded notes from 8 October 2025 for products traded on UK recognised investment exchanges, while keeping the ban on crypto derivatives.

Investing in crypto
FCA
Guidance
2026-01-29
Regulation

The FCA's consumer page on the risks of investing in crypto, including volatility, platform failure, scams and the lack of FSCS or Ombudsman protection.

For professionals

For accountants, solicitors and financial advisers

The Library is free to use and to share with clients. Every entry links to its original source, and the reading paths follow the questions clients bring: Bitcoin in an estate, gains on disposal, cryptoasset ETNs in an ISA, Bitcoin held by a company.

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