ING and Bitcoin: Around 50 Crypto ETNs in the Portfolio, and What the Delivery Claim Means for Your Holding Period

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Bitcoin can be bought at ING, but only as an exchange-traded note: around 50 crypto ETNs from five issuers, as a one-off purchase or a savings plan from one euro. What the offer really costs, and what the one-year holding period hangs on, is not in the advertising but in the key information document.You can buy Bitcoin at ING, but not as a coin. What ends up in the bank's Direkt-Depot are crypto ETNs: exchange-traded notes that track the price of a cryptocurrency. The bank lists around 50 of them in a promotional offer, from five issuers, as a one-off purchase or as a savings plan from one euro per instalment. You need no wallet for this and no private key. What you hold at the end is a security, not a cryptocurrency, and two things hang on that distinction that cost or save more money over the years than any order fee: the ongoing product costs and the question of whether the one-year holding period applies to you. This article sorts out ING's crypto investments: what is tradab...