Nordea to Launch Bitcoin ETP Under MiCA in December 2025
Nordea Bank will introduce a CoinShares Bitcoin ETP on its platform in December 2025. The execution-only product synthetically tracks Bitcoin’s price. It requires no direct custody or private key management, and trades on regulated exchanges through existing Nordea accounts.
This launch follows rising client demand across Denmark, Norway, Sweden and Finland, as well as clearer licensing under the EU’s MiCA regulation. By offering a regulated Bitcoin ETP, Nordea reduces self-custody risks and operational complexity for investors. CoinShares also extends its digital asset suite with Ethereum ETPs.
Market experts view the move as a key milestone in institutional adoption of crypto in Europe. The Bitcoin ETP could attract fresh inflows, bolster liquidity and confidence, and pave the way for other banks to offer crypto products amid a maturing market.
Bullish
Nordea’s decision to launch a regulated Bitcoin ETP under the EU’s MiCA framework reduces custody barriers and legal uncertainty, which is likely to draw new institutional and retail capital into BTC. In the short term, the execution-only product may boost trading volumes and liquidity on regulated exchanges, creating upward price pressure. Over the long term, the move signals growing institutional acceptance of crypto in Europe, paving the way for additional banks to offer similar products and supporting sustained demand for Bitcoin. While volatility remains, the overall impact on BTC price sentiment is bullish.