UK’s Largest Investment Platform Opens Bitcoin, Ether ETN Trading to 2 Million Investors
JH Kim
Summary
- The UK’s largest investment platform, Hargreaves Lansdown, is opening trading in Bitcoin (BTC) and Ether (ETH) exchange-traded notes, or ETNs, to about 2 million investors.
- Hargreaves Lansdown will allow Bitcoin- and Ether-based ETN trading on its platform, letting users invest in those products through their existing investment accounts.
- ETNs are designed to track the price of an underlying asset, allowing investors to gain exposure to cryptocurrency price moves without directly holding digital assets.
Forecast Trend Report by Period
Hargreaves Lansdown, the UK’s largest investment platform, is opening trading in Bitcoin and Ether exchange-traded notes, or ETNs, to about 2 million investors.
Cointelegraph reported on September 3 that Hargreaves Lansdown will allow trading in Bitcoin- and Ether-based ETNs on its platform.
The move will let roughly 2 million users invest in ETNs tracking the prices of Bitcoin and Ether through their existing investment accounts.
ETNs are listed securities designed to track the price of an underlying asset, allowing investors to gain exposure to cryptocurrency price swings without directly holding the tokens.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.