ING Germany Expands Cryptocurrency Product Offering: Access to Bitcoin, Ethereum and Other Digital Assets.

ING Germany Expands Cryptocurrency Product Offering: Access to Bitcoin, Ethereum and Other Digital Assets.

German bank ING Germany is strengthening its position in the digital asset market and expanding its portfolio of cryptocurrency investment products. In cooperation with US asset managers Bitwise and VanEck, it is launching new exchange-traded products (ETPs) and notes (ETNs) that will allow clients to invest in the most important cryptocurrencies such as Bitcoin, Ether, Solana and XRP more easily and securely.

This initiative comes at a time when the cryptocurrency market is going through a difficult period, although interest in digital assets from traditional investors is still growing. Bitcoin has been trading around $78,947 since the beginning of the year, which is 10% less than at the beginning of the year, but the acceptance of cryptocurrencies by traditional finance indicates the long-term potential of the sector.

The new products from Bitwise and VanEck expand ING Germany's existing offering, which already includes funds from BlackRock and WisdomTree, for example. Starting in February, clients can trade Bitwise’s cryptocurrency ETPs with a minimum order of €1,000 (approximately $1,180) without execution fees, making them more accessible to a wider range of investors. Smaller orders are charged a fee of $4.60, making them a good deal for retail investors.

Key products include the Bitwise Core Bitcoin ETP (BTC1), Bitwise MSCI Digital Assets Select 20 ETP (DA20) and Bitwise Physical Ethereum ETP (ZETH). VanEck’s ETNs are linked to the price of Bitcoin and Ethereum assets, offering additional opportunities to track market dynamics.

Although cryptocurrency ETPs and ETNs have seen significant capital outflows in recent weeks, interest in them is growing again. Global cryptocurrency funds have lost $3.43 billion in the past two weeks, but Bitcoin ETFs have seen a recent inflow of $562 million, indicating renewed investor interest in the segment.

ING Germany thus confirms its commitment to long-term support for digital assets and lays a solid foundation for the future development of the cryptocurrency market in Europe. With this move, it opens the door for the general public and institutional investors to access key digital assets through secure and regulated products.

*This is not an investment recommendation.

The Coingarage Team