ING Germany Opens Bitcoin, Ethereum, and Solana ETP Investment Channels to Retail Investors

Odaily News German retail banking giant ING Deutschland has opened investment channels for cryptocurrency-related Exchange Traded Notes/Products (ETN/ETP) to its retail clients. This allows investment in crypto assets such as Bitcoin, Ethereum, and Solana through its Direct Depot platform.

ING stated that the aforementioned products are physically-backed instruments, issued by institutions such as 21Shares, Bitwise, and VanEck, and traded on regulated exchanges. Clients can gain exposure to crypto assets without having to manage wallets or private keys themselves.

ING also cautioned that such products still face factors including significant price volatility, issuer risk, liquidity, and regulatory uncertainty. The bank pointed out that in Germany, the tax treatment of these ETNs is similar to directly holding crypto assets, potentially qualifying for capital gains tax exemption after being held for more than one year. (The Block)