- ING allows you to expose Bitcoin, Ethereum, and Solana by ETN with out utilizing a pockets or personal key.
- At the moment, round 50 crypto ETNs are traded instantly by ING brokerage accounts.
- Merchandise are change traded, bodily backed and issued by established crypto ETP suppliers.
ING Deutschland (often known as ING-DiBa), one among Germany’s largest retail brokers, has expanded funding entry to cryptocurrencies for its German prospects, permitting them to take a position instantly in Bitcoin, Ethereum, Solana and crypto index merchandise by common brokerage accounts.
Crypto funding with out pockets or personal key
Beneath the brand new settings, ING purchasers can acquire publicity to cryptocurrencies by change traded notes (ETNs) and change traded merchandise (ETPs) with out utilizing a digital pockets or managing personal keys. These merchandise commerce on regulated inventory exchanges and are handled like conventional securities, making them a well-known construction to retail buyers.
This implies prospects should buy and promote merchandise linked to cryptocurrencies utilizing the identical brokerage accounts they already use for shares and ETFs.
Roughly 50 digital currencies ETN now obtainable
ING has opened entry to round 50 crypto ETNs protecting as much as 28 totally different crypto property and methods. These embody single-asset merchandise linked to Bitcoin and Ethereum, staking-enabled Solana merchandise, and a diversified cryptocurrency basket index ETN.
These merchandise are supplied by established publishers reminiscent of 21Shares, Bitwise, iShares, VanEck, and WisdomTree.
Low cost offers and financial savings plans
ING can be operating promotional gives that scale back the buying and selling prices of those crypto ETNs. For direct trades of 1,000 euros or extra, prospects pay an order price of zero euros (excluding product prices and spreads). Transactions below 1,000 euros are topic to an order price of three.90 euros.
Crypto ETNs can be added to financial savings plans from as little as 1 euro with no implementation charges. This permits buyers to steadily construct long-term crypto publicity moderately than one-off purchases.
bodily backed and traded on an change
The crypto ETNs obtainable by ING are bodily backed and traded on regulated exchanges reminiscent of Xetra. This construction is designed to cut back operational threat in comparison with unregulated crypto platforms whereas monitoring the value efficiency of the underlying digital property.
Tax remedy just like direct crypto
In keeping with ING, many of those crypto ETNs observe an identical tax regime to direct investments in cryptocurrencies in Germany. In some instances, capital beneficial properties could also be tax-free if held for multiple 12 months, however tax penalties will differ relying on particular person circumstances and laws.
ING’s transfer follows a broader development throughout Europe of huge banks providing regulated crypto publicity moderately than direct token buying and selling. Trade-traded merchandise enable banks to fulfill the rising retail demand for cryptocurrencies whereas adhering to present monetary and regulatory frameworks.
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