Germans Dive into Crypto: Buy Bitcoin and Ether Directly from Your Bank Account!

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Markets

What to know:

  • Ah, ING Deutschland! The very bastion of retail banking in Germany, now allows its customers to embark on the audacious adventure of purchasing crypto exchange-traded products-those mysterious entities that chase after bitcoin, ether, and solana. All this directly through their ING-DiBa Direct Depot accounts! How quaint!
  • The crypto-backed products, birthed by firms like 21Shares, Bitwise, and VanEck, are presented as a delightful shortcut to dabble in the digital asset realm without the tiresome burdens of wallets or private keys. A veritable feast for the lazy investor!
  • But lo! These crypto products are treated with the same German tax affection as if one possessed bitcoin in the flesh. How charmingly bureaucratic!

Indeed, ING Deutschland, that towering giant of retail finance, has opened its doors to the brave souls who wish to buy crypto products linked to the heavenly realms of bitcoin, ether, and solana! All this can be accomplished with barely a flick of the wrist from their bank-linked securities accounts.

These offerings are not mere figments of imagination but rather tangible crypto-backed exchange-traded products, crafted by the titans of the industry such as 21Shares, Bitwise, and VanEck. The bank’s website boasts that these alternative investment vehicles mimic the wild dance of cryptocurrencies and trade on reputable exchanges through the bank’s Direct Depot arrangement. Ah, the Depot-an account designed for the self-sufficient investor who may or may not have forgotten where they left their wallet.

Picture this: a seamless integration of crypto ETFs into your mundane banking routine, all while you merrily sidestep the bothersome world of wallets and keys. It’s like having your cake and eating it too, but with a side of digital intrigue!

This new offering is a reflection of humanity’s insatiable desire for digital assets, as ordinary investors boldly ignore bitcoin’s capricious price swings, opting instead for long-term dreams of grandeur. Deutsche Bank has revealed that a paltry 9% of Germany’s retail populace embraced crypto by 2025-a number that pales in comparison to the audacious 12% across the pond in the U.S.

Martijn Rozemuller, the esteemed CEO of VanEck Europe, proclaimed that the collaboration with ING Deutschland opens floodgates to crypto investments with ease. “Investors seek a solution nestled within existing depot frameworks, whilst also flaunting transparent costs. This partnership embodies that spirit-it ushers crypto exposure into the sanctum of investors’ beloved securities accounts,” he announced, as if proclaiming the arrival of a grand messiah.

And let us not forget, dear reader, that these crypto products enjoy the same splendid tax breaks in Germany as their more traditional bitcoin counterparts: hold them for over a year, and one can dodge those pesky capital gains taxes. A delightful prospect, wouldn’t you agree?

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2026-02-03 09:50