TechFlow, on October 9, according to CoinDesk, the UK Financial Conduct Authority (FCA) has officially lifted its retail ban on cryptocurrency exchange-traded notes (ETNs).
The UK HM Revenue & Customs has confirmed that cryptocurrency ETNs can be held tax-free within Individual Savings Accounts (ISAs) and registered pension schemes. From April 6, 2026, cryptocurrency ETNs will be reclassified as Innovative Finance ISA (IFISA) investment products, although their tax advantages will remain unchanged.
The London Stock Exchange has listed multiple cryptocurrency ETNs from issuers including 21Shares, WisdomTree, and ETC Group, previously available only to professional investors. These products must be fully backed by underlying assets held in physical form by regulated custodians and may not use leverage.
