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crypto ETNs
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Dutch banking group ING is reported to be giving clients exposure to Bitcoin through crypto exchange-traded notes, without requiring direct cryptocurrency purchases. The report is sparse, saying only that the bank offers access to Bitcoin via these ETNs. If confirmed, it would mark a notable step by a major European retail bank into crypto-linked investment products. Details on availability, fees and which markets are affected have not been provided.
- 2ING and Bitcoin: Crypto ETNs Enter the Portfolio Conversation▼ING and Bitcoin: Crypto ETNs in Your Portfolio
ING, one of Europe's largest banks, is being discussed in connection with offering clients access to Bitcoin and other cryptocurrencies through crypto exchange-traded notes (ETNs) held in regular portfolios. Commentators see this as another sign of mainstream financial institutions embracing crypto products, making it easier for ordinary investors to gain Bitcoin exposure without directly holding coins or using crypto exchanges.