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You should never invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you shouldn't expect to be protected if something goes wrong. We recommend taking a minute or two to learn more on this page.

While crypto exchange-traded notes (crypto ETNs) offer a way to gain exposure to crypto assets through your investment account, they're still subject to the high volatility of cryptoassets in general, among other risks.

• Crypto ETNs allow you to gain exposure to volatile crypto markets without dealing with cryptoasset wallets or private keys. They can be bought and sold through your standard investment account
• Crypto ETNs are traded on exchanges throughout the trading day. Trading volumes and execution prices will vary depending on market conditions
• Crypto ETNs typically publish daily NAV (Net Asset Value) and disclose their holdings
• The underlying cryptocurrency is held by regulated custodians. At least 90% of the cryptoassets are maintained in cold storage or equivalent arrangements

• Cryptoassets are complex and highly volatile, with prices rising or falling quickly. Investing in crypto ETNs means you could lose all the money you invest
• The crypto assets market is largely unregulated, with risks from cyberattacks, financial crime, and firm failures that could also cause losses
• You should do your own research before investing. If something sounds too good to be true, it probably is
• Putting all your money into a single type of investment is risky. A good rule of thumb is not to invest more than 10% of your money in high-risk investments
• The Financial Services Compensation Scheme (FSCS) doesn’t protect crypto ETNs, because they're not a type of investment that the FSCS can protect. Learn more on this website.