Dutch Indirect Crypto Securities Reach €1.2B by October 2025, De Nederlandsche Bank Reports

De Nederlandsche Bank reported that Dutch companies, institutions and households held about €1.2 billion in indirect crypto securities as of October 2025, up from roughly €81 million at the end of 2020. These holdings, concentrated in a small number of foreign-issued ETFs, ETNs and crypto treasury shares, still account for only 0.03% of the Dutch securities market despite strong price-driven growth. Pension funds, investment funds and households each show distinct patterns of exposure across ETFs, ETNs and crypto-related equities.