Nordea, the largest bank in the Nordic region, plans to offer access to exchange-traded products tracking Bitcoin to its customers beginning December 2025.
Summary
- Finland’s Nordea bank will allow its customers to buy Bitcoin ETPs as from December 2025.
- The highlights regulation and maturity of the sector as key to its decision.
- Asset manager CoinShares’ synthetic Bitcoin ETP will be the first on offer.
Finland, Helsinki-based Nordea announced the move on Oct. 30, noting that the decision to provide clients access to the Bitcoin (BTC)-linked exchange-traded products comes amid a significant shift in the European regulatory environment.
According to the lender, the regulation of cryptocurrencies in Europe “has matured” and demand for crypto-linked products is rising.
“Nordea has closely monitored trends in cryptocurrencies but maintained a cautious approach due to the unregulated nature of crypto-assets and the lack of investor protection and authority supervision that dominated the emergence of digital currencies,” the bank wrote.
In this case, the bank sees this as the opportune time to bring these digital asset investment products to its customers.
Nordea brings Bitcoin ETP to customers
First of the mark for Nordea is a Bitcoin synthetic ETP issued by CoinShares, Europe’s leading digital asset manager with over $10 billion in assets under management. The synthetic ETP will track the underlying BTC asset and will be available to experienced investors.
Crypto regulation
The crypto industry has shown great strides towards maturity, and that also reflects in regulatory milestones such as the implementation of the Markets in CryptoAssets in the European Union. EU’s MiCA rules went into effect in December 2024.
Progress has also been seen across the United Kingdom, with the Financial Conduct Authority taking steps to bolster registration of crypto service providers.
CoinShares International Limited, whose synthetic Bitcoin ETP will launch on Nordea platforms in December 2025, hit a key milestone with the FCA approval of its base prospectus Bitcoin and Ethereum ETPs.
The CoinShares Physical Bitcoin Digital Securities and CoinShares Physical Staked Ethereum Digital Securities are targeted for retail investors in the United Kingdom.
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