ING Germany opens up investment channels for Bitcoin, Ethereum, and Solana ETP to retail investors.

German retail bank ING Deutschland has opened up cryptocurrency-related exchange-traded notes (ETNs/ETPs) to retail clients, allowing them to invest in crypto assets such as Bitcoin, Ethereum, and Solana through its Direct Depot platform. ING stated that these products are physically backed instruments issued by institutions such as 21Shares, Bitwise, and VanEck, and traded on regulated exchanges. Clients gain exposure to crypto assets without needing to manage their own wallets or private keys. ING also cautioned that these products still face risks such as high price volatility, issuer risk, liquidity issues, and regulatory uncertainties. The bank noted that in Germany, the tax treatment of these ETNs is similar to that of directly holding crypto assets, and they may be eligible for capital gains tax exemption after being held for more than one year. (The Block)