"ING Deutschland, one of Germany's largest retail banks, has begun offering retail clients access to cryptocurrency-linked exchange-traded notes (ETNs) and products, allowing customers to gain exposure to bitcoin and other crypto directly through their existing securities accounts. According to information published on ING's website, the products are physically backed exchange-traded instruments issued by established asset managers including 21Shares, Bitwise, and VanEck."
"The instruments track the performance of individual cryptocurrencies and trade on regulated exchanges via ING's Direct Depot platform, which is typically used for stocks, ETFs, and mutual funds. The bank said the bitcoin offering is intended to lower barriers to entry for crypto investing by integrating digital asset exposure into familiar banking infrastructure. Clients do not need to set up third-party crypto exchanges, manage private keys, or operate self-custody wallets, as custody and execution are handled within the securities account framework."
""This creates another particularly low-threshold access to crypto investments via exchange-traded products," "Many investors want a solution that fits into existing depot structures and at the same time convinces them with transparent costs. That's exactly what this partnership stands for.""
ING Deutschland is offering retail clients access to physically backed cryptocurrency-linked exchange-traded notes (ETNs) and products that provide exposure to bitcoin and other cryptocurrencies through existing securities accounts. The instruments are issued by established asset managers including 21Shares, Bitwise, and VanEck and trade on regulated exchanges via ING's Direct Depot platform. Custody and execution are handled within the securities account, so clients do not need third-party crypto exchanges or self-custody wallets. The bitcoin ETNs receive the same German tax treatment as directly held crypto, with potential capital gains exemption after one year. The products carry substantial risks, including extreme price volatility, potential total loss upon issuer insolvency, liquidity risks, and market manipulation.
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