Bitcoin ETP at ING Bank: Convenient but Requires a Cool Head
Although the information that ING Bank in Germany allows the purchase of Bitcoin ETP sounds impressive, one must remain vigilant. That's the situation; ETPs help you easily track BTC prices, but they still have certain legal and operational differences compared to ETFs or direct holdings. Purchasing through a bank intermediary means you are incurring additional management fees and do not truly hold the "key" (private key) to the currency you own. #anhbacong
Moreover, the deeper involvement of TradFi means that the Crypto market will increasingly be heavily influenced by macroeconomic news and adjustments from the banking system. Don't rush to "jump on the bandwagon" or excessively FOMO just because of news from Germany. Remember that Bitcoin's volatility is always present, and buying through a bank does not mean the risks are reduced. The best risk management is still to clearly understand what you are buying and always keep a portion of your assets safely in a personal wallet. $BTC
