Investor protection should not mean blocking access and forcing exits.

The timeline:

- Pre-2021: Retail investors could hold crypto ETNs inside ISAs.
- Jan 2021: FCA bans ETNs for retail investors.
- 2024: US spot Bitcoin ETFs approved, unlocking major markets.
- 2025: UK reverses the ETN ban after years of campaigning.
- April 6 2026: HMRC reclassifies crypto ETNs into IFISAs that most mainstream platforms do not offer.

Major providers such as Hargreaves Lansdown and AJ Bell currently do not support IFISAs for crypto ETNs, leaving many investors with limited or no transfer options. 

Buy before the deadline and you may still face forced liquidation if your provider cannot hold the product under the new rules.

Markets need clarity and access, not moving goalposts.

nostr:npub1wl39ydk5rpecvtrzhq67afl9ykn2ty2xdxdkfmyan0rss3f3ma5sndznlx 
https://blossom.primal.net/eb66633ffbedf2122a4c0fc96d25fc321b50073e9bdd1960ac3c672652482e35.mov