ING Deutschland has opened retail access to exchange-traded notes (ETNs) and products offering exposure to Bitcoin, Ethereum, and Solana. The move enables clients to invest in major cryptocurrencies through familiar banking infrastructure without managing private wallets or keys.
Crypto ETPs Backed by Established Providers
The ETNs are physically backed and issued by reputable firms including 21Shares, Bitwise, and VanEck. They track the performance of individual cryptocurrencies and are traded on regulated exchanges through ING’s Direct Depot platform. The products aim to simplify crypto investing, allowing retail clients to include digital assets directly in their existing securities accounts.
VanEck Europe CEO Martijn Rozemuller highlighted that the partnership provides a low-threshold solution for investors seeking transparent costs and integration with standard depot structures.
Risks and Regulatory Notes
ING emphasized that crypto ETNs carry significant risks due to high price volatility, potential total loss in case of issuer insolvency, liquidity challenges, market manipulation, and evolving regulatory frameworks. The bank also noted that cryptocurrencies have no intrinsic value, and their prices are heavily influenced by market sentiment.
Investments in these ETNs follow similar tax treatment as direct crypto holdings in Germany, including possible capital gains exemptions for positions held longer than one year. This offering aligns with ING’s broader digital asset strategy, including past involvement in developing a euro-based stablecoin with other European banks.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.