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21Shares Partners with Stratiphy to Offer Crypto ETNs in the UK

UK wealth management app Stratiphy will be the first to list 21Shares’ physically backed Bitcoin and Ethereum exchange-traded notes for retail investors, marking a shift in the UK’s crypto investment landscape.

BTC
ETH

Summary

21Shares has partnered with UK wealth management app Stratiphy to offer retail investors regulated access to Bitcoin and Ethereum Exchange-Traded Notes (ETNs) following a change in FCA regulations. Stratiphy will be the first to list 21Shares’ products, which include physically backed crypto ETNs, enabling UK investors to gain exposure to digital assets alongside traditional investments. This marks a significant step in the UK’s evolving stance on crypto investment.

Terms & Concepts
  • Exchange-Traded Note (ETN): A debt security traded on exchanges that offers returns linked to a specific asset or index, such as cryptocurrencies, without direct ownership.
  • Physically Backed ETN: An ETN that is supported by holding the underlying asset, such as Bitcoin or Ethereum, in custody to match the product’s value.
  • Retail Investor: An individual, non-professional investor who buys and sells securities for personal accounts rather than for institutions.