According to the Financial Times, the UK tax authority HMRC has ruled that starting from the new tax year on April 6, cryptocurrency exchange-traded notes (ETNs) will no longer qualify as eligible investments for Stocks and Shares ISAs, but will instead be reclassified as eligible assets only for Innovative Finance ISAs (IFISAs). Since there are currently no investment platforms approved to sell crypto ETNs and offer IFISA services simultaneously, and the 57 registered IFISA platforms mainly engage in P2P lending and crowdfunding businesses without plans to support crypto ETNs, the practical effect is that investors will find it difficult to add such products to their ISA tax-advantaged accounts.