Hargreaves Lansdown Warns Investors as UK Reopens Crypto ETN Market

• Hargreaves Lansdown warns UK investors that crypto lacks intrinsic value and carries high volatility.
• The Financial Conduct Authority (FCA) lifts the four-year ban on retail crypto ETNs.
• Despite new access, Hargreaves Lansdown maintains crypto is unsuitable for long-term portfolios.

Hargreaves Lansdown, the UK’s largest retail brokerage, advised investors to avoid adding cryptocurrencies to their portfolios even as regulators opened new paths for exposure.

The firm reiterated that Bitcoin “has no intrinsic value” and lacks the fundamentals that define legitimate asset classes such as equities or bonds.

Hargreaves Lansdown framed crypto’s sharp rallies and collapses as speculative episodes, not sustainable growth cycles. The cautionary note arrived just as the Financial Conduct Authority (FCA) confirmed plans to lift its four-year ban on crypto exchange-t…

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