01
Exposure
Which cryptoasset is tracked, and is the product physically backed?
Crypto ETFs UK · start here
You searched for an ETF.
The UK answer is usually an ETN.
Since October 2025, UK retail investors can access qualifying crypto exchange-traded notes. They offer stock-market exposure to Bitcoin or Ethereum without a wallet—but they add issuer, custody, tracking and liquidity risk.
8 Oct 2025
Qualifying cETNs opened to UK retail access
6 Apr 2026
New stocks and shares ISA purchases stopped
No FSCS
Do not assume investment losses are compensated
Choose your question
One topic. Four decisions.
Start with the part you need; each guide returns to the same principle: understand the legal product before comparing performance.
Structure
Why the UK product is usually an ETN
ETF, ETP and ETN are often used loosely. The legal structure determines what you own and which risks sit between you and the cryptoasset.
Read the guide →Bitcoin
Understand Bitcoin ETN exposure
Look beyond the ticker: collateral, custody, annual charge, spread, tracking and the trading currency all matter.
Read the guide →Ethereum
Ask where staking rewards go
An Ethereum ETN may be staked or unstaked. The benefit, fee, lock-up and additional operational risks differ by structure.
Read the guide →Tax wrappers
ISA and SIPP rules are not the same
New cETN purchases stopped qualifying for stocks and shares ISAs from 6 April 2026. Pension and IFISA access is a separate question.
Read the guide →The six-line test
A ticker is not due diligence.
If a product page cannot answer these six questions clearly, pause before going further.
02
Structure
Who issued the security, what collateral supports it and what happens if the issuer fails?
03
Cost
Annual charge, bid–ask spread, broker fee and any currency-conversion cost.
04
Custody
Who holds the underlying assets, where and under what safeguarding arrangement?
05
Trading
Which exchange and currency line you use, plus normal market hours and liquidity.
06
Wrapper
Whether that exact security is permitted by the wrapper and offered by your provider today.
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