Offering IFISA from April 2026?

🤝 Help
1

Hi there, what do we think about offering an IFISA from April for people that wish to buy the Bitcoin ETP /ETNs that are being offered on LSE now ?

the current holders will have their ETNS auto sold on April 6th 2026

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2

I currently hold an ETN and wondered if T212 are planning to offer or support the IFISA to allow people to move assets without forced selling and if in general this will be available for people who are already part of the T212 ecosystem?

3

An IFISA isn’t part of our current plans. However, recent updates suggest a forced sale on 6 April 2026 is now unlikely, subject to final HM Treasury confirmation. We’ll share details as soon as we have an official update.

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4

Hi Trading 212 team,

I’m hoping someone from T212 can clarify the situation around crypto ETNs held in a Stocks & Shares ISA, in light of the HMRC changes coming into effect from April 2026.

As I understand it, from 6 April 2026 crypto ETNs will no longer be permitted within a standard Stocks & Shares ISA and would instead need to be held within an Innovative Finance ISA (IFISA) wrapper to remain ISA-eligible.

My questions are:

  1. Does Trading 212 currently hold IFISA status, or have plans to introduce an IFISA?

  2. If not, is it correct that crypto ETNs held in a T212 Stocks & Shares ISA will be automatically sold at the April 2026 deadline?

  3. If there are plans to support IFISAs, is there any indicative timeline or guidance you can share?

I’m trying to understand the platform’s roadmap so I can plan sensibly ahead of time and not be subject to an automatic sell of any positions..

Thanks in advance,
Toby

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5

Just to clarify and narrow this down a bit further: I’m specifically asking about physically backed Bitcoin ETPs, such as WisdomTree Physical Bitcoin (WXBT) — not just crypto ETNs.

My understanding is that:

  • The April 2026 ISA changes relate to crypto ETNs (debt instruments), which would require IFISA treatment.

  • Physically backed ETPs like WXBT, which hold BTC 1:1 in custody, are structurally different and currently sit within a standard Stocks & Shares ISA.

Could T212 please confirm:

  1. Whether WXBT is treated differently from crypto ETNs under the upcoming rules

  2. Whether physically backed Bitcoin ETPs are expected to remain ISA-eligible on Trading 212 after April 2026

  3. Whether any forced sale would apply only to ETNs, rather than asset-backed products

This would really help investors distinguish between products and plan appropriately.

Thanks again,

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6

Definitely looking forward to an update on this. Forced selling on an asset designed to be held long term (especially given current prices) seems so wrong (appreciate that is HMRCs doing and not T212). Fingers crossed for some good news.

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7

Seems there’s more news out today on the HMRC crypto ISA rules:
https://helpcentre.trading212.com/hc/en-us/articles/31007919710365-Crypto-ETNs-in-ISA-accounts

From what HMRC and recent reporting are saying, crypto ETNs will no longer be ISA-eligible after 6 Apr 2026 and will be reclassified into the Innovative Finance ISA wrapper instead (which most brokers don’t support).

With that in mind, can someone from T212 please clarify the official position specifically regarding:

• WisdomTree Physical Bitcoin (WXBT)
This is structured as a physically backed Bitcoin ETP rather than a traditional unsecured ETN.
– Will WXBT remain eligible to be held in a Stocks & Shares ISA after 6 April 2026?
– Or will it also be subject to automatic sale/removal from ISA accounts?

It would be helpful to understand whether the HMRC change applies strictly to ETNs, or to all crypto ETPs including physically backed products such as WXBT.

Thanks for clarifying.

8

Can you share the correct link please, the HMRC article is dated October last year?

9

I too would appreciate an update from T212. I think basically WXBT is a BTC ETN and therefore will not be eligible for ISA inclusion from 6th April. (The state doesn’t want us to have tax free BTC exposure). I am more interested to see if the plan remains that we will be still be force sold on 6th April…?

10

@JRW you might have missed this post.

No brokers out there currently offer IFISA and ISA products.

There’s several news posted in the past week, such as:

“HMRC confirmed that investors will not be required to sell existing crypto ETN holdings already held within stocks-and-shares ISAs after April 6.”

This is the most important one. As always, information is scarce from HMRC and that’s where we need clarification from.

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11

Thanks. No, I had not seen that from HMRC. Although the last official thing I saw/received from T212 was a while ago and stated that they WOULD be force selling us out of any BTC ETNs… So would be good to get the update direct from T212 confirming if this is no longer the case. (Appreciate it is HMRC that are the root cause of the issue).

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12

Given the conflicting information, could someone from T212 please confirm the current official position:

  • Will existing holdings of crypto ETNs (e.g. WisdomTree Physical Bitcoin – WXBT) inside a Stocks & Shares ISA be subject to mandatory sale on or before 6 April 2026?

  • Or, in light of recent reporting, will existing ISA holdings be allowed to remain, even if no new purchases are permitted?

Clarity on whether forced selling is still planned would be greatly appreciated, as this materially affects portfolio decisions.

Thank you.

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13

Yes it says on their FAQ.

14

Hi everyone. As per the most recent information from HMRC:

  • Up to 5 April 2026: You can buy, hold, and sell Crypto ETNs within your ISA as usual.
  • From 6 April 2026: You can hold or sell existing positions, but new purchases will not be allowed.

We’ve also updated the Help Centre article regarding this topic.

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15

For those who would like the link :slight_smile:

16

Thanks for confirming existing Crypto ETNs can remain in ISAs after 6 April 2026.

Specifically regarding WisdomTree Physical Bitcoin (WXBT):

If UK ISA accounts can no longer add new positions, do you expect any impact on liquidity or bid/ask spreads on the LSE listing?

Can you also confirm that creation/redemption mechanisms and market maker support will continue as normal, and that there’s no anticipated impact on tracking to spot BTC?

Appreciate the clarification.

17

This is general market information, and needs double checked but ETFs and ETNs traditionally work with an authorised participant.

They typically borrow from the fund or buy/sell assets to meet market demand.

As bitcoin is available to trade 24/7, in theory there shouldn’t be any issue, but you would be better contacting the issuer of the ETF to confirm liquidity risk of their product, not brokers that allow their product to be traded.

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18

Thanks for the update. Disappointing that HMRC can’t allow it fully. I hope 212 can push back on our behalf and relay our disappointment. With that said, would there be any consideration given to an IFISA wrapper now by 212? I’m sure we’d all be happy with just the crypto stuff in it.

19

It’s honestly pretty disappointing that HMRC is planning to implement this with less than a month to go before April 6th, and yet there doesn’t seem to be a single broker actually offering an IFISA account.

In theory Trading 212 could apply to offer an IFISA, but considering they don’t currently provide a Junior ISA or a Lifetime ISA either, I do have some doubts they’ll add an IFISA anytime soon. That said, I’d be very happy to be proven wrong.