Hargreaves Lansdown Expands UK Retail Access to Crypto ETNs
- Hargreaves Lansdown has listed nine bitcoin and ether exchange-traded notes (ETNs) from Blackrock, Bitwise, and others.
- Eligible UK customers can access these products through the platform’s Advanced Investing service.
- Customers must pass eligibility checks and a cooling-off period of 24 hours before trading.
- The Financial Conduct Authority restored retail access to crypto ETNs in October, prompting this move.
- London’s trading volumes are about one-sixth of those on Germany’s Xetra exchange as of August.
Hargreaves Lansdown is expanding its offerings by listing bitcoin and ether ETNs, allowing eligible UK investors increased access to cryptocurrency markets while maintaining strict controls for investor protection. This development comes after regulatory changes by the Financial Conduct Authority, highlighting a cautious but growing acceptance of crypto products in mainstream investment platforms.
With Hargreaves Lansdown entering the market, it remains to be seen if demand will lift UK crypto ETN trading volumes closer to European levels like Germany’s Xetra exchange. (Source)
