Strategy Inc. launched the floating-rate preferred stock STRC on March 30, 2026, with an annualized return of about 11.5%. UK investors face high tax costs, which may affect their actual returns. By comparison, 21Shares’ Strategy Yield ETP can avoid immediate tax burdens. Investors using an ISA account have less impact from taxes. Investors should pay attention to tax rules and product structure to avoid incurring unnecessary costs.

UK investors will no longer be able to add crypto exchange-traded notes (ETNs) to tax-free "Stocks and Shares ISA" accounts starting April 6. HMRC has classified them as "Innovative Finance ISA" assets. Existing holders are not required to sell, and future policies will be continuously evaluated.

The UK will make adjustments to the Individual Savings Account (ISA) policy in April 2026, and retail investors will no longer be able to use ISAs to purchase cryptocurrency exchange-traded notes (ETNs), as they are reclassified as assets that do not comply with ISA rules. This change will impact investors' tax planning and asset allocation strategies, especially increasing investment complexity for young investors, while also reflecting the cautious attitude of UK regulators.