Crypto ETN Essentials
All about Crypto ETNs
Trading Crypto ETNs
Simple
You can trade ETNs in exactly the same way as stocks, and you won’t need to open a crypto exchange account.Secure
The underlying coins are owned by the ETN providers, which use a Tier 1 custodian to hold the cryptocurrency.Lower risk
Crypto markets can be extremely volatile, but as ETNs aren’t traded on leverage, your losses are never amplified.Smaller trades
One share of a Bitcoin ETN offers exposure to 1/20th of a Bitcoin; one share of an Ethereum ETN is equivalent to 1/10th of an ether.
Don’t invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
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Crypto ETNsThe simple way to diversify your portfolio with crypto
Invest over the long-term with crypto ETNs. Buy and hold like you would with stocks. Saxo offers ETNs on Bitcoin, Ethereum, and others.
A more cost-efficient way to buy and hold
Avoid interest and roll-over fees with ETNs, if you want to make cryptocurrencies a long-term component of your portfolio.
Manage your risk
Crypto markets can be notoriously volatile. ETNs aren't traded with leverage, so you can’t lose more than you invest, even in the event of a drop in crypto prices.
Professional clients get access to
Bitcoin crypto ETNs
Ethereum crypto ETNs
Bitcoin Cash crypto ETF
Stellar crypto ETF
Polkadot crypto ETF
Solana crypto ETF
Ripple crypto ETF
Tezos crypto ETF
Cardano crypto ETF
Litecoin crypto ETF
Tron crypto ETF
Frequently asked questions
Crypto ETNs enable investors to trade securities which track cryptoassets. These are stock exchange-listed debt instruments that track the price of an underlying asset such as bitcoin, similar to gold ETCs that track the underlying price of the metal.
Investors should note that by investing in a crypto ETN they are exposed to the creditworthiness of the issuer. ETNs do not benefit from Financial Services Compensation Scheme (FSCS) protection.
Yes, you will be able to add these ETNs to your existing stocks and shares ISA and SIPP accounts, providing you pass our appropriateness test within the platform as these will still be classed complex products, similar to ETFs that track physical gold.
Effective 8 October 2025, the UK's Financial Conduct Authority (FCA) will permit retail investors to engage with crypto-related Exchange Traded Notes (ETNs), marking a significant policy shift. After this date you can trade ETNs in exactly the same way as stocks, you won't need to open a crypto exchange account, and you can also use the tax advantages of an ISA or SIPP account. You can find the current ETNs available in the Saxo platform.
Credit risk: ETNs are debt instruments. If the issuer defaults, investors may lose money regardless of crypto performance. ETNs do not benefit from Financial Services Compensation Scheme (FSCS) protection.
No ownership: You don’t hold the actual cryptocurrency, though some of the ETNs are classified as ‘staking’, which means they can earn a yield to offset feeds.
Fees: Management fees (often 1–2% annually) erode returns, especially versus direct holding.
Tracking risk: Some ETNs may not perfectly match the spot price due to costs and structure.
Volatility: Crypto assets themselves are highly volatile—ETNs amplify exposure to that volatility.
Regulatory uncertainty: Crypto regulations are evolving; future rules could affect ETNs’ availability or costs.