The UK's largest investment platform HL is opening trading in crypto ETNs starting today.
2 hours ago
According to the Financial Times, Hargreaves Lansdown (HL), the UK’s largest investment platform, is launching Crypto ETN trading for its roughly 2 million investors starting today. The initial lineup includes 9 Bitcoin (BTC) and Ethereum (ETH) ETNs, issued by providers including BlackRock’s iShares, WisdomTree, 21Shares, Invesco, CoinShares, and Bitwise, with annual fees ranging from 0% to 0.35%. HL had long been the only major UK investment platform not offering Crypto ETNs, and in October last year it stated, “BTC is not an asset class.” The relevant products will be available to users of its Advanced Investing service, with investors required to pass a suitability test and observe a 24-hour cooling-off period for their first trade.
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