ABN Amro opens access to crypto investments

ABN Amro is to give customers indirect exposure to cryptocurrencies through the introduction Crypto Exchange Traded Products (ETPs) and Capital Protected Notes (CPNs)

Crypto ETPs track the value of one or more cryptocurrencies, allowing clients to gain exposure without having to buy, store or safeguard the digital assets themselves, Finextra reports.

The products are being added via ABN Amro’s existing investment platforms, alongside ETFs and other exchange traded products.

In addition, ABN Amro is offering bitcoin-linked structured products - Capital-Protected Notes - to eligible wealth clients, enabling them to gain exposure to the popular crypto coin.

Mark te Riele, head of wealth management products at ABN Amro says the bank is seeing growing interest in cryptocurrencies among investors, both professional and nonprofessional.

“More and more clients are interested in crypto, but want to invest within a reliable and regulated environment,” he says. “We are now taking steps by making them available to all investment clients. This reflects both growing client interest and our conviction that access to crypto should take place with clear information and within a transparent, controlled investment framework.”

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