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Danske Bank Opens Bitcoin and Ethereum ETP Access to Retail Users
Key Takeaways
- Danske Bank offers Bitcoin and Ethereum ETPs through its digital channels, driven by higher customer interest and clearer EU rules;
- Access is limited to self-directed investors, and the bank states that this option does not signal support for crypto investing;
- Three MiFID-regulated ETPs from BlackRock and WisdomTree give customers a simple trading method without direct coin storage.
Danske Bank has made exchange-traded products (ETPs) linked to Bitcoin
The bank, which serves more than five million people across Northern Europe, introduced the option after seeing increased customer interest and clearer rules under the EU’s MiCA framework.
The new feature is only for users who make their own trading decisions. It does not apply to anyone who receives investment advice from the bank.
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Danske stated that this decision is a response to customer requests, not a signal that the bank recommends crypto exposure.
At first, customers can choose from three products. Two follow Bitcoin, and one follows Ethereum. These ETPs come from BlackRock and WisdomTree. They are covered by MiFID rules, which require clear information on costs and investor protection.
Danske noted that these products offer a simple way to trade and remove the need to store digital coins directly.
Kerstin Lysholm, who oversees investment products at the bank, said many clients want the option to include crypto-related instruments in their portfolios.
Lysholm added that the bank still views crypto as a short-term or speculative choice rather than a core part of long-term planning. She also stated that offering ETPs should not be seen as encouragement to invest in this area.
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