Banco Nacional Introduces Bitcoin ETF in Costa Rica
Banco Nacional Launches Bitcoin ETF in Costa Rica
Banco Nacional to Launch Bitcoin ETF in Costa Rica
Banco Nacional (BN), a state-owned institution and the largest commercial bank in Costa Rica, is set to introduce a new investment opportunity for locals. Through BN Fondos, its investment management branch, the bank will offer a spot bitcoin exchange-traded fund (ETF), as reported locally.
This innovative ETF offering marks a significant milestone, as it is the first instance of a crypto investment product being made available to Costa Rican citizens via the banking system.
Banco Nacional, noted for being one of Central America's prominent banks with assets exceeding $7 billion, is pioneering this financial advancement.