Crypto ETNs allowed in retirement funds
Alongside lifting the crypto ETN ban, the UK government also released a policy statement on the tax treatment for these crypto products in specific types of tax‑efficient investment accounts.
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From Oct. 8, the government will allow crypto ETNs to be held in “registered pension schemes,” and from April 2026 will open up access for Stocks & Shares Individual Savings Accounts, meaning the citizens will have a few tax‑incentivized investment options for these products.
“The government remains supportive of the UK’s growing crypto‑asset sector and continues to develop a comprehensive regulatory framework that fosters innovation while protecting consumers,” the statement reads.
Market set for growth with crypto ETNs
A recent research report by IG Group predicts “The UK crypto market could grow by up to 20%” following the relaunch of crypto ETNs.
The report based this prediction on its own research that found that “30% of UK adults would consider investing in crypto via ETNs,” with the main appeal being the “perceived safety and regulatory oversight” offered by these products.
“This represents a significant potential uplift from current levels of crypto ownership – 12%, according to the FCA’s latest study, and 25% according to IG’s new study.”
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