On September 3, Hargreaves Lansdown listed nine bitcoin and ether exchange-traded notes from issuers including BlackRock’s iShares, WisdomTree, 21Shares, Invesco, CoinShares and Bitwise for eligible UK retail clients. The products sit in the firm’s Advanced Investing service and offer regulated price exposure without requiring investors to hold cryptocurrency, manage private keys or use a digital asset exchange. Customers must self-certify as advanced investors, pass an appropriateness assessment and complete a 24-hour cooling-off period before trading, and the notes trade only during London Stock Exchange market hours. Annual fees on the notes range from zero to 0.35%, while Hargreaves charges a 0.35% annual account fee to hold them in a Fund and Share Account or SIPP, capped at £12.50 a month, with dealing charges of £3.95 to £6.95. The listing comes almost 11 months after the Financial Conduct Authority restored retail access to certain crypto ETNs from 8 October 2025, ending a ban introduced in 2021. Hargreaves initially held back and had said bitcoin is not an asset class; Chief Product Officer Doug Abbott said the firm delayed launch to design safeguards and the right level of friction, while still receiving enquiries from more experienced investors. London-listed crypto ETN trading has risen since the reopening, with 21Shares estimating about $1.5 billion in volume—roughly nine times the prior 17 months—though August activity was still about one-sixth of volumes on Germany’s Xetra and other platforms have described UK retail uptake as modest. HMRC has limited qualifying tax wrappers for the notes to the Innovative Finance ISA from April 6, after a brief window in Stocks and Shares ISAs. The notes are available to about 2 million customers.