CoinShares and Finfluencer research shows that more respondents support crypto ETN eligibility within ISAs than oppose it.
More than 57% of respondents are investing in digital assets, according to findings from a survey of over 2,000 UK retail investors, split into the following access channels:
- 38% via crypto exchanges or wallets
- 10% via exchange-traded notes (ETNs) on regulated exchanges
- 5% via traditional brokers
The research, conducted in March 2026, comes as HMRC’s reclassification of crypto ETNs took effect on 6 April, removing these products from Stocks & Shares ISAs and restricting them to Innovative Finance ISAs.
The reclassification is described as a “wrapper that no mainstream UK platform currently supports,” according to CoinShares.
Jean-Marie Mognetti, CEO and co-founder of CoinShares, said: “This data tells a clear story: UK investors are actively participating in digital asset markets, and a significant proportion want to do so through regulated products within tax-efficient wrappers.
“With more respondents supporting ISA eligibility than opposing it, the case for keeping this avenue open is backed by evidence, not speculation. We welcome HMRC’s commitment to keeping the policy under review and believe these findings should inform that process.”
The survey reflects CoinShares’ position on HMRC’s decision. When asked whether crypto ETNs should be eligible for purchase within an ISA, 43% of respondents said yes, compared with 36% who said no.
The Finfluencer–CoinShares Crypto Survey was conducted in March 2026 via Finfluencer’s UK investor community.
