Nordea Drops Crypto Misgivings, Allows Bitcoin Fund Access

Nordea Bank Abp is giving up on its previous reluctance to embrace cryptocurrencies in a clear sign how the banking industry has warmed to the once-shunned asset class.

While Nordea used to have “a cautious approach” to crypto given it was unregulated and lacked investor protection, it now thinks “the market has matured,” it said in a statement posted on its website on Thursday. That’s why it has “decided to allow customers to trade in an externally manufactured crypto-linked product on its platforms.”

The offering Nordea is making available to its clients is a so-called synthetic exchange-traded product tied to ...