TechFlow, October 30 — Nordea announced it will begin offering clients access to a bitcoin-tracking exchange-traded product (ETP) starting December 2025, marking one of the largest Nordic banks' formal entry into the crypto asset space. The product is manufactured by CoinShares International Limited and falls under the synthetic ETP category, with bitcoin as its underlying asset, designed specifically for experienced investors seeking exposure to alternative assets.
Nordea previously maintained a cautious stance toward cryptocurrencies. However, following the European Union's adoption of the MiCA (Markets in Crypto-Assets) regulation in 2023 and its full implementation in December 2024, the regulatory environment in Europe has matured. Combined with growing demand for digital assets across the Nordic region, these factors have prompted the bank to adjust its strategy. The product will be offered solely on an execution-only basis, and the bank will not provide investment advice related to it.
Nordea stated it will continue monitoring developments in blockchain technology and expand related services as market maturity increases, aiming to meet evolving customer needs.
