Hargreaves Lansdown (HL), the UK's largest investment platform, launched Crypto ETN trading on September 3, offering 9 BTC and ETH ETNs from issuers including BlackRock's iShares, WisdomTree, 21Shares, Invesco, CoinShares, and Bitwise. The products carry annual fees ranging from 0% to 0.35% and are available to HL's Advanced Investing clients, who must pass a suitability test and observe a 24-hour cooling-off period for their first trade. HL had previously been the only major UK platform not offering crypto ETNs, and last October stated that 'BTC is not an asset class.'
Hargreaves Lansdown (HL), the UK's largest investment platform, has started offering Crypto ETN (exchange-traded note) trading to its approximately 2 million investors as of September 3, according to the Financial Times. The initial lineup includes 9 ETNs tracking Bitcoin and Ethereum, issued by BlackRock's iShares, WisdomTree, 21Shares, Invesco, CoinShares, and Bitwise. Annual fees range from 0% to 0.35%.
HL had been the only major UK investment platform yet to open crypto ETN trading, and last October it said 'BTC is not an asset class.' The new products are available to customers using HL's Advanced Investing service. Investors must complete a suitability assessment and adhere to a 24-hour cooling-off period on their first trade.
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