Wealth App Stratiphy Partners With 21Shares to Offer Crypto ETNs Under New UK Rules

Global crypto merchandise issuer 21Shares has partnered with UK wealthiness absorption app Stratiphy to fto retail investors bargain and clasp crypto Exchange Traded Notes (ETNs) arsenic the Financial Conduct Authority (FCA) lifts its four-year ban connected these products.

The alteration marks a displacement successful the UK’s stance connected integer assets, allowing retail investors regulated entree to crypto for the archetypal time. Stratiphy volition go the archetypal UK wealthiness manager to database 21Shares’ products, which see physically backed Bitcoin and Ethereum ETNs.

Through the app, users volition beryllium capable to adhd crypto vulnerability to their existing portfolios alongside accepted assets. Stratiphy’s AI-based tools let investors to trial and automate concern strategies — features the institution says volition assistance retail traders negociate hazard and program long-term.

“Investor request for integer assets continues to soar,” said Daniel Gold, Stratiphy’s laminitis and CEO. “This concern ensures we tin connection regulated entree to crypto arsenic soon arsenic FCA support takes effect.”

21Shares manages implicit $11 cardinal successful assets crossed 50 crypto exchange-traded products listed successful Europe. In 2024, €26 cardinal worthy of crypto ETPs were traded connected European exchanges, according to institution information — a 300% summation from the erstwhile year.

Russell Barlow, CEO of 21Shares, said the FCA lifting its prohibition connected retail entree to crypto ETNs is simply a immense measurement for the UK, wherever 12% of adults already holding cryptoassets straight done mostly unregulated platforms and exchanges.

"The lifting of the prohibition connected Bitcoin and Ethereum-backed ETNs is simply a large archetypal step, allowing retail investors to get vulnerability to the 2 biggest cryptoassets successful the astir elemental and unafraid way," Barlow said.

"As regulated ETNs, we expect that these volition beryllium eligible for inclusion into ISA and SIPP portfolios, allowing for taxation businesslike vulnerability to cryptoassets arsenic portion of an concern portfolio."