Nordic bank that once shunned crypto to soon offer a Bitcoin ETP — TradingView News
Scandinavia’s largest bank, Nordea, has shifted its stance on crypto in the face of growing adoption and regulatory clarity, announcing its customers can access an external Bitcoin-linked exchange-traded product (ETP) in December.
The Bitcoin ETP, developed by digital asset investment firm CoinShares, holds Bitcoin (BTC) as its underlying asset, Nordea stated on Thursday.
The ETP will only be offered as an “execution-only offering meaning that customers can buy this product, but Nordea does not offer advice on it,” the bank added.
Nordea has over $286 billion in assets under management, according to its half-year results released in July, along with an estimated customer base of over 10 million people.
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