Bitcoin News
By James Thorp
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A Shift Hard to Ignore. Hargreaves Lansdown still maintains its warnings. The company specifies that these products are…
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The American Precedent That Changes Everything. In 2024, the U.S. Securities and Exchange Commission — the SEC — approved bitcoin ETFs for retail…
3 / 15
Hargreaves Lansdown has reached a significant milestone. The Bristol-based investment firm now offers exchange-traded notes — ETNs — on bitcoin and other cryptocurrencies to its…
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Less than a year ago, the same company clearly stated that bitcoin was "not an asset class" and should not be included in portfolios aimed at growth or income.
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For those not in the loop, ETNs are investment funds traded on stock exchanges that track the prices of digital assets. No direct bitcoin holding. No crypto wallet to manage.
6 / 15
Hargreaves Lansdown still maintains its warnings. The company specifies that these products are "considered high risk" and "can be very volatile.
7 / 15
No detailed statement from the company yet on the reasons for this change. No press conference, no release explaining the logic behind this shift. We know what they are doing.
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What is certain is that the timing coincides with a global movement. Traditional financial markets are opening up to bitcoin at a pace not really anticipated three years ago.
9 / 15
Read also: The SEC Approves Options for WisdomTree's BTCW, Strengthening Institutional Bitcoin Strategies
10 / 15
Investors who had never been able to gain direct exposure to bitcoin rushed in. BlackRock, Fidelity, Morgan Stanley — the big names in asset management — all launched their…
11 / 15
It's probably this signal that heavily influenced Hargreaves Lansdown's decision. Hard to ignore $100 billion entering an asset class you declared "not an asset class" twelve…
12 / 15
And the ETNs offered in the UK operate on a principle similar to U.S. ETFs — without being strictly identical from a regulatory standpoint.
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The cryptocurrency market has gone through violent cycles in recent years. Spectacular rises, equally spectacular crashes. Hargreaves Lansdown knows this.
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Other British financial firms will likely watch this move closely. If Hargreaves Lansdown — known for its caution, its conservative retail client base — takes this step, it lends…
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Read also: Bitcoin and Gold Reach a Six-Year Record Correlation, Bitwise Sounds the Alarm
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