IFISA + Crypto ETNs — A First-Mover Opportunity Stratiphy Shouldn't Miss

Hey team,
I wanted to raise something that I think represents a genuine strategic opportunity for Stratiphy, and I’d love to see it on the product roadmap.

As of 6 April 2026, HMRC has reclassified crypto exchange-traded notes (ETNs) as qualifying investments only within Innovative Finance ISAs (IFISAs). They can no longer be held in a standard Stocks & Shares ISA. For investors at major platforms — Trading 212, AJ Bell, Hargreaves Lansdown — existing holdings have been grandfathered in and can be held or sold, but no new purchases can be made within the ISA wrapper. If you don’t already have a position, you’re locked out of tax-efficient access entirely.

This has created a gap in the market that almost no one is filling.

The feature request is straightforward: launch an IFISA wrapper on Stratiphy that supports regulated crypto ETNs — products from established issuers like iShares, WisdomTree, or 21Shares that are listed on a UK Recognised Investment Exchange and eligible under HMRC’s rules.

The opportunity here is real:
The vast majority of UK retail investors who want regulated, tax-efficient crypto exposure currently have nowhere to go
Stocks & Shares ISA providers are largely sitting this out.

Demand for legitimate, FCA-compliant crypto investment (not exchanges, not wallets — proper regulated securities) is significant and growing
Being one of the first clean, consumer-friendly platforms to offer this positions Stratiphy as the destination for investors who want crypto done properly.

This isn’t about chasing hype. Crypto ETNs are FCA-regulated, exchange-listed instruments — the same structure as any other ETP. The regulatory framework is now in place. What’s missing is a platform that combines a great user experience with IFISA approval and crypto ETN access in one place.

Stratiphy could own that space. Right now it’s wide open.

I do want to give credit where it’s due — it’s great to see the 21Shares Bitcoin and Ethereum products already listed on the platform. That’s a solid foundation. But expanding the range further and making the full experience — depositing, buying, selling, and withdrawing — as smooth and intuitive as something like the Trading 212 app would be a real differentiator. That’s the bar investors are used to, and hitting it within an IFISA wrapper for crypto ETNs would be genuinely compelling.

Would love to know if this is already in the pipeline, and if not, whether the team would consider it. Happy to elaborate or point to sources

Thanks for your feedback @lee.myersuk. We have been determined throughout to offer the best experience we can, and introducing 21shares crypto ETNs in our IFISA is the first step.

I agree, the opportunity is significant, as people want to invest into regulated products in a compliant, tax efficient way. We have a lot we are working on to improve the crypto offer, as well as more generally, so your suggestions are welcome, and we are open to more - that’s why we have created our public pipeline page.

Let’s have a chat and understand your suggestions in more detail.

1 Like

Hi Daniel,

Can I ask if you have plans to add other BTC and ETH products? The current ones seem to have relatively high fees (c. 1.5% a year)

Many thanks

Hi Tom,

We have moved to these products because they have amongst the lowest fees in the market at just 0.1% for the first year.

21Shares Bitcoin Core ETP|CBTC|CH1199067674
21Shares Ethereum Core Staking ETP|ETHC| CH1209763130

Daniel