How can I access UK Crypto ETNs?
You can access Crypto ETNs directly through the individual instrument on the app. The available instruments can be found 👉 here and by checking the in-app watchlists.
If you haven’t enabled access yet, simply open the instrument you’re interested in and follow the on-screen steps.
📄 Note
Once you complete the necessary steps, you’ll be able to trade eligible UK Crypto ETNs through your General Invest Account (GIA) or Stocks ISA.
How to obtain approval to invest in Crypto ETNs?
To start trading Crypto ETNs under Trading 212 UK Ltd., you’ll need to complete a short approval flow required by the FCA:
- Restricted Investor Declaration: access to Crypto ETNs is available to clients who classify as 'Restricted Investors'. A Restricted Investor is someone who declares they will invest no more than 10% of their net assets in high-risk investments.
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Knowledge & Experience Check: Pass a short test to demonstrate you understand the Crypto ETN product and the risks involved.
24-hour Reflection Period – Wait out a mandatory cooling-off period before you can proceed. - Final Confirmation: After 24 hours, confirm you still want to trade.
Once all steps are completed, you will be able to access Crypto ETNs, as soon as they are made available by the issuers.
Are Crypto ETNs classified differently in the UK?
Yes. In the UK, the Financial Conduct Authority (FCA) classifies Crypto ETNs as Restricted Mass Market Investments (RMMIs). This means there is a mandatory approval process before they can be traded.
Which Crypto ETNs are available in the UK?
Only ETNs that reference Bitcoin or Ethereum and are listed on a UK Recognised Investment Exchange are available to trade.
Do I need to go through an appropriateness test for Crypto ETNs?
Yes. Because of their high-risk nature, Crypto ETNs have a dedicated appropriateness test in the UK.
This test checks both your crypto-asset knowledge and your experience with complex instruments.
📄 Note
If you don’t achieve the minimum score, you won’t be able to trade Crypto ETNs.
Which account types can I use to invest in Crypto ETNs?
Crypto ETNs are available for the following account types with Trading 212 UK Ltd:
- General Investment Account (GIA)
- Stocks ISA
What should I do before adding a Crypto ETN to my Pie?
- Before adding a Crypto ETN to a new Pie, you need to complete the required Crypto ETN test steps.
- Once the test is completed, you can safely add Crypto ETNs and other investments to your Pie. If any previous stock selections were cancelled, you’ll need to manually re-add them after completing the test.
- If you add a Crypto ETN before completing these steps, any non-ETN investments you’ve already added will be automatically cancelled. This happens because Crypto ETNs require an eligibility check before they can be included in your portfolio.