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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.

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Danske Bank Opens Bitcoin and Ethereum ETP Access to Retail Users

Danske Bank has made exchange-traded products (ETPs) linked to Bitcoin BTC $67,846.00 and Ethereum ETH $1,972.63 available in its online banking and mobile app.

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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Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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