Tax-free bitcoin is back: How UK investors can avoid paying duty on crypto investments once more

Stratiphy won approval to offer 21Shares crypto ETNs inside the U.K.'s Innovative Finance ISA (IFISA), restoring the ability for retail investors to hold bitcoin and ether in a tax-free wrapper. HMRC had reclassified crypto ETNs as IFISA-only effective April 6, which had left no mainstream platform offering both the products and the required wrapper. Stratiphy will provide access to three ETNs (bitcoin, ether and a BTC+gold product), potentially broadening retail access and boosting demand for BTC and ETH-focused ETPs in the U.K. The change reduces a tax barrier and could increase flows into 21Shares’ products and related spot/ETP liquidity, supporting a positive market impact for crypto adoption among U.K. investors.