Global crypto issuer 21Shares has partnered with UK wealth management app Stratiphy to allow retail investors to buy and hold crypto ETNs as the Financial Conduct Authority (FCA) lifts a four-year ban on cryptocurrencies ETNs.
The changes mark a shift in the UK’s stance on digital assets, allowing retail investors regulated access to cryptocurrencies for the first time. Stratiphy becomes the first UK asset management company to list 21Shares products, including physically backed Bitcoin and Ethereum ETNs.
Through this app, users will be able to add exposure to crypto assets to their existing portfolios alongside traditional assets. Stratiphy’s AI-based tools allow investors to test and automate their investment strategies. The company says its features help individual traders with risk management and long-term planning.
“Investor demand for digital assets continues to soar,” said Daniel Gold, founder and CEO of Stratiphy. “This partnership will enable us to provide access to regulated cryptocurrencies once FCA approval comes into effect.”
21Shares manages over $11 billion in assets across 50 crypto trading products listed in Europe. According to company data, 26 billion euros worth of cryptocurrencies ETP were traded on European exchanges in 2024, an increase of 300% compared to the previous year.
21Shares CEO Russell Barlow said the FCA’s lifting of the ban on retail access to cryptocurrencies ETN was a major step for the UK, with 12% of adults already holding crypto assets directly through largely unregulated platforms and exchanges.
“The lifting of the ban on Bitcoin and Ethereum-backed ETNs is a great first step, allowing retail investors to access the two largest cryptoassets in the simplest and safest way,” Barlow said.
“As regulated ETNs, we expect these to be eligible for inclusion in ISA and SIPP portfolios, enabling tax-efficient exposure to crypto assets as part of an investment portfolio.”
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
