According to Britain’s Fortune magazine, Hargreaves Lansdown (HL), the UK’s largest investment platform, will open Crypto ETN trading to its approximately 2 million investors starting September 3. The initial lineup includes nine BTC and ETH ETNs issued by BlackRock’s iShares, WisdomTree, 21Shares, Invesco, CoinShares, and Bitwise, with annual fees ranging from 0% to 0.35%. HL had previously been the only major UK investment platform not offering Crypto ETNs and had stated in October last year that “BTC is not an asset class.” These products will be available to users of its Advanced Investing service, requiring investors to pass an appropriateness test and observe a 24-hour cooling-off period on their first trade.
UK's largest investment platform, Hargreaves Lansdown, launches crypto ETN trading.
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Summary
Today’s BTC news: On September 3, the UK’s largest investment platform, Hargreaves Lansdown (HL), launched crypto ETN trading for its 2 million investors. The initial offering includes nine BTC and ETH ETNs from iShares, WisdomTree, 21Shares, Invesco, CoinShares, and Bitwise, with fees ranging from 0% to 0.35%. Advanced Investing users must pass a suitability test and wait 24 hours before making their first trade. HL previously stated that BTC is not an asset class.
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