Hargreaves lansdown bitcoin investment trust - remarkable, rather
Popular Bitcoin fund suspended ahead of new EU rules
The broker is still allowing investors to buy the popular XBT Bitcoin tracker – a fund that tracks the price of bitcoin.
The fund, offered by a Swedish company, XBT Provider, is structured as an "exchange-traded note". Like the investment trust, this is a fund listed on the stock exchange, meaning it can be bought and sold like a share.
Bitcoin has plummeted in price in recent days, dropping 30pc. It fell from an all-time high of $20,000 to $13,000 on Friday morning.
Hargreaves Lansdown issued a warning to investors earlier this month, warning them to consider a number of things before investing in the cryptocurrency.
It warned investors to only invest in things that they understand, and that Bitcoin investments "have limited track records and are complicated in their own right".
Grayscale, the asset manager that runs the Bitcoin Investment Trust, did not respond to an immediate request for comment.
laura.suter@telegraph.co.uk
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