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>>Leading investment platform advises caution for amateur investors considering cryptocurrency.

Leading investment platform advises caution for amateur investors considering cryptocurrency.

crypthub

about 21 hours ago

Cautious Advice on Crypto Investments

Hargreaves Lansdown, the UK’s largest retail investment platform, is advising against cryptocurrency investments despite recent regulatory changes easing restrictions on crypto products. The firm considers Bitcoin "not an asset class" due to a lack of intrinsic value and extreme volatility. This stance contrasts with other institutions that see potential benefits from digital assets.

Easing of Regulations & Crypto ETNs

The UK recently lifted its ban on crypto exchange-traded notes (ETNs), allowing retail investors access via regulated exchanges. These ETNs are debt instruments linked to the value of digital assets and may now be included in tax-free accounts. The move is viewed by the crypto industry as a step toward positioning the UK as a digital asset hub.

Institutional Interest and Future Plans

While Hargreaves Lansdown cautions retail investors, major banks like JPMorgan and asset managers like Invesco remain bullish on digital assets as a portfolio diversifier. The platform plans to allow select clients to trade crypto ETNs starting in early 2026. The UK government is also advancing blockchain adoption, including plans for a "digital markets champion" and dematerialization of financial instruments.