Major German Bank Launches Bitcoin, Ethereum, and Solana ETP Access

ING Deutschland, a prominent German bank, has partnered with VanEck to allow clients to trade select cryptocurrency exchange-traded notes (ETNs) through their securities accounts. The initiative enhances access to Bitcoin, Ethereum, Solana, and other digital assets without requiring wallets or direct crypto custody.

The move includes approximately 50 ETNs with promotional pricing, including zero execution fees on savings plans starting at just $1. This approach integrates crypto exposure into established banking frameworks, catering to retail investors seeking regulated alternatives amid growing demand in Europe.

ING Deutschland Unveils Expanded Product Range

Among many other benefits, ING’s Direkt-Depot platform allows users to track USD pairs and staking options. It also provides a range of diversified crypto baskets and indexes, such as the 21Shares Crypto Basket. What sets these ETNs apart is that they are backed by actual crypto holdings, which ensures greater reliability than synthetic alternatives.

Recall that VanEck recently launched 11 distinct ETNs focused on major cryptocurrencies, including Bitcoin, Ethereum, and Solana, as well as Avalanche, Chainlink, and Polkadot. To benefit users, trades above $1,000 will attract no fees; however, a flat fee of $4.61 applies to smaller transactions.

Clients can trade these ETNs just like regular stocks, with narrower spreads than those typically found on crypto exchanges. Additionally, profits that are held for more than a year may qualify a trader for an exemption from capital gains tax in Germany. This setup is especially beneficial for experienced investors who prefer a depot-based investment approach.

Risks Highlighted Amid Mainstream Adoption

ING Deutschland emphasizes that while its offerings provide convenience, they also carry significant risks associated with high-volatility products. The bank warns that extreme price fluctuations can result in a total loss of capital. This means that the risk of issuer default complicates matters, leaving investors fully exposed and with no recourse if the issuer becomes insolvent.  

Additionally, regulatory changes could impact taxation, market access, and the overall viability of these products. The crypto markets are particularly vulnerable to manipulation and liquidity issues, especially during times of market turbulence. Meanwhile, to ensure client safety, the bank requires individuals to verify their knowledge of securities before engaging in trading.

For now, the bank’s policy restricts access mainly to informed and risk-tolerant investors. This approach aligns with a broader trend of integrating regulated cryptocurrency across Europe, as interest from both institutional and retail investors rises. ING aims to establish itself as a key player in bridging traditional finance with digital assets for millions of customers in Germany.

The post Major German Bank Launches Bitcoin, Ethereum, and Solana ETP Access appeared first on CoinTab News.