Hargreaves Lansdown platform hosts bitcoin ETF

Hargreaves Lansdown investors can now access a dedicated bitcoin ETF through the firm’s SIPP and brokerage services.

Hargreaves Lansdown platform hosts bitcoin ETF

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Swedish company XBT Provider, who issued the first bitcoin-based security in 2015, are behind the issuance of two ETFs into the UK market.

The Bitcoin Tracker One and Bitcoin Tracker Euro have been added to Hargreaves Lansdown’s bank of more than 3,000 ETF products and means investors can access bitcoin as exchange-traded notes.

Ryan Radloff, head of investor relations for XBT Provider, said it was an exciting development for UK investors.

He added: “By adding self-service, online dealing, the team at Hargreaves Lansdown is providing UK investors with professional and quick access to the bitcoin space in the UK and greater Europe.

“This is very exciting for any investors who have been thinking about buying bitcoin but did not want the hassle of security and regulation involved in buying bitcoin directly from exchanges.”

Danny Cox, Hargreaves Lansdown’s head of communications, confirmed they had added the new ETFs to their current range but that it was not something they were “actively promoting”.

In 2015, the Bitcoin Tracker One became the first bitcoin-based security available on a regulated exchange, the NASDAQ/OMX in Stockholm.

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