Easily buy crypto ETPs

Crypto ETPs (exchange-traded products) are financial instruments that track the price of one or more cryptocurrencies. They are listed and traded on regulated stock exchanges, just like shares.

When you invest in a crypto ETP, you gain exposure to the price movements of the underlying cryptocurrency without directly owning it. Depending on the structure, the product may be physically backed by the underlying crypto asset or structured as a debt instrument that tracks its performance.

Crypto ETPs allow you to gain exposure to the crypto market through your existing DEGIRO account, without directly owning the underlying cryptocurrency.

When buying cryptocurrency directly, you purchase and own the digital asset itself. The value of your investment depends directly on the price of that specific cryptocurrency.

With a crypto ETP, you invest in a regulated financial product listed on an exchange that tracks the price of one or more cryptocurrencies.

Key differences include:

• Ownership: When investing through a crypto ETP, you gain price exposure but do not directly own the underlying cryptocurrency.
• Structure: Crypto ETPs are exchange-traded financial instruments, whereas direct crypto investments involve holding the digital asset itself.
• Diversification: Some crypto ETPs track a basket of cryptocurrencies, which can provide broader exposure compared to investing in a single coin.

Both approaches involve risk and may suit different types of investors depending on their objectives, knowledge and experience.

Crypto ETPs can track individual cryptocurrencies or baskets of cryptocurrencies.

Examples include:

• Bitcoin ETPs
• Ethereum ETPs
• Basket products that track multiple cryptocurrencies

The exact available products depend on the issuer and the exchange listing. Each product specifies its underlying asset in the product documentation.

Crypto ETPs are listed on stock exchanges and traded during regular exchange trading hours.

Their price is based on the value of the underlying cryptocurrency or basket of cryptocurrencies they track. As crypto markets can be highly volatile, the price of a crypto ETP may fluctuate significantly during the trading day.

Orders can be placed through your DEGIRO account in the same way as shares or other exchange-traded products.

Crypto ETFs and crypto ETNs are both types of exchange-traded products (ETPs), but they differ in structure and underlying exposure.

Crypto ETFs typically invest in a basket of companies involved in the crypto or blockchain ecosystem, such as crypto exchanges, mining companies or technology firms. Their performance is linked to these companies rather than directly to the price of a cryptocurrency.

Crypto ETNs, on the other hand, are unsecured debt instruments issued by a financial institution. They are designed to track the price of a specific cryptocurrency or a basket of cryptocurrencies. ETNs generally do not represent direct ownership of the underlying crypto asset. Instead, investors rely on the issuer to deliver the promised return.

Because of these structural differences, the risk profile may vary between products. It is important to review the product documentation carefully before investing.

To invest in crypto ETPs, you need a DEGIRO account:

1. Use the search bar to find the crypto ETP you wish to invest in.
2. Review the product details and documentation.
3. Place your order through the platform.
4. Once executed, the position will appear in your portfolio.

Crypto ETPs are high-risk and speculative products. Due to their volatility and complexity, they are generally not suitable for beginning investors.

Key risks include:

• High volatility: Cryptocurrency prices can fluctuate sharply in short periods of time.
• Market risk: The value of a crypto ETP depends on the performance of the underlying cryptocurrency.
• Product structure risk: Depending on whether the product is physically backed or structured as a debt instrument, risks may differ.
• Issuer risk: For certain product types, investors are exposed to the credit risk of the issuer.

Before investing in crypto ETPs, it is important to fully understand how these products work and the risks involved. Consider your knowledge and experience when making investment decisions.