UK Crypto ETNs Excluded From ISAs as HMRC Reclassifies

HMRC will designate cryptocurrency ETNs as Innovative Finance ISA eligible instruments, barring them from tax-free stock-and-shares ISAs for the new tax year.

Rich by Coin

2026-02-26

The UK tax authority HMRC has announced that cryptocurrency ETNs will be reclassified as qualifying instruments for Innovative Finance ISAs, rather than the more mainstream stocks-and-shares ISAs. From the new tax year starting April 6, UK investors will not be able to add crypto ETNs to tax-free ISAs. ISAs allow users to save up to £20,000 per year (about $27,000) tax-free. Currently, none of the 57 platforms approved to offer IFISAs plan to support crypto ETNs.

The HMRC said the decision was due to the ‘innovative nature and emerging market’ of crypto ETNs. The HMRC will continue to review the possibility of including crypto ETNs in stock-and-shares ISAs.