Hargreaves Lansdown Opens Bitcoin and Ether ETN Trading to 2 Million Clients

The useful part

Hargreaves Lansdown (HL), the UK's largest investment platform, began offering Bitcoin (BTC) and Ether (ETH) exchange-traded notes (ETNs) to its approximately 2 million clients on September 3, 2026. The launch makes HL the last major UK retail investment platform to open access to crypto ETNs following the Financial Conduct Authority's (FCA) decision to lift its retail ban in October 2025. The products are issued by major asset managers, including BlackRock's iShares, WisdomTree, 21Shares, Invesco, CoinShares and Bitwise.

How it works

• The move shows how regulatory changes are pushing crypto investment products deeper into Britain's mainstream financial infrastructure.
• 78% Bullish 22% Bearish Pump to $85.4K Dump to $69.8K $2,841,392 ETH Ξ Live ETH next move:
• 61% Bullish 39% Bearish Pump to $2.8K Dump to $2.3K $1,204,551 SOL ◎ Live SOL next move:
• ETNs are exchange-traded debt securities designed to track an underlying asset or index.
• HL requires first-time investors to complete an appropriateness assessment and imposes a 24-hour cooling-off period.

What to take from it

Chief Product Officer Doug Abbott said the measures are intended to ensure customers understand the risks associated with volatile crypto investments. A Four-Year Ban and a Late Arrival HL had remained an outlier among major UK platforms that have launched their crypto-related ETNs earlier this year. Authority (FCA) lifted its roughly four-year-nine-month retail ban on crypto ETNs on October 8, 2025, a shift competitors including Interactive Investor and AJ Bell moved on within months.

Example or evidence

• Since the FCA's reversal, London Stock Exchange-listed crypto ETN volume has reached roughly $1.5 billion, about nine times the turnover recorded during the prior 17 months when access was restricted to...
• BTC-linked ETNs account for the bulk of that volume, roughly 80-85%, with ETH-linked products making up the remainder.
• Lansdown (HL) was the last major UK investment platform to join the retail crypto ETN market, bringing regulated Bitcoin and Ethereum exposure to roughly 2 million clients.
• Bitcoin Jumps 6.8% to Four-Month High as Waller Eases Fed Rate-Hike Fears Japan's 10Y Bond Yield Hits 3%.

Details worth keeping

UK Investment Giant HL Opens Crypto ETN Trading to 2M Clients. DailyCoin ES Español Home » Bitcoin (BTC) » UK Investment Giant HL Opens Crypto ETN Trading to 2M Clients Bitcoin (BTC) UK Investment Giant HL Opens Crypto ETN Trading to 2M Clients Hargreaves Lansdown becomes the last major UK broker to open Bitcoin and Ether ETN trading to retail customers. HL was the last major UK platform to offer crypto ETN access.

Related coverage

• Crypto: Hargreaves Lansdown has opened nine Bitcoin and Ether ETNs to eligible investors, with assessments and a 24-hour cooling-off period.
• Investmentweek: CoinShares' Bitcoin and Ethereum ETPs have been listed on Hargreaves Lansdown, the UK's largest retail savings and investment platform.
• Bitcoinmagazine: Bitcoin Magazine Hargreaves Lansdown Reverses Course, Rolls Out Bitcoin TradingВ British investment firm Hargreaves Lansdown last year said bitcoin was too volatile.
• Bitcoin: Payward are working to bring tokenized versions of major U.K.-listed shares onchain.