00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A leading UK trading platform warned investors against adding cryptocurrencies to their
00:06portfolios despite newly relaxed crypto regulations, according to CNBC.
00:10UK lifted its ban on retail access to crypto exchange traded notes on October 8th,
00:15prompting Hargreeves Lansdowne to warn investors to exercise caution.
00:19Hargreeves Lansdowne said Bitcoin is not a true asset class and lacks intrinsic value,
00:24making it unsuitable for portfolios aimed at growth or income.
00:26Hargreeves Lansdowne warned that cryptocurrencies are highly volatile and riskier than traditional
00:31investments like stocks or bonds.
00:33However, the firm said it will allow select clients to trade crypto ETNs starting in early
00:382026.
00:40For all things money, visit Benzinga.com.
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