Nordic Giant Nordea Opens Crypto Door with Bitcoin-linked ETP

Nordea Bank Abp announced it will provide customers access to a synthetic Exchange-Traded Product (ETP) tracking Bitcoin (BTC) starting in December 2025, manufactured externally by CoinShares International Limited and available via Nordea's execution-only platform. The bank cites the maturation of the European regulatory environment, particularly the MiCa regime, and growing investor demand as key drivers for this move. The ETP offers exposure through a traditional instrument rather than direct custody, and is targeted at "experienced investors seeking alternative asset exposure." While this signals Nordea's readiness to integrate crypto exposure, the bank maintains a cautious stance, noting the risks associated with synthetic ETPs and the lack of advisory services on the execution-only platform.

(Source：Bitcoin Magazine)