Nordea to offer Bitcoin exchange-traded product, citing regulatory maturity and growing demand in the Nordic region.

Nordea, a Nordic bank, is set to offer an exchange-traded product (ETP) tracking Bitcoin, citing growing demand for virtual currencies in the region and the maturation of European regulatory frameworks. The product, developed by CoinShares, will be available to clients starting December 2022. The bank previously adopted a cautious stance towards cryptocurrencies due to regulatory concerns.