Costa Rica’s Banco Nacional Launches Bitcoin ETF
- Banco Nacional is the largest commercial bank in Costa Rica with over $7 billion in assets.
- The bank is launching a spot bitcoin exchange-traded fund (ETF) through its investment arm, BN Fondos.
- This marks the first crypto investment product available through Costa Rica’s banking system.
- A S&P 500 ETF will be launched alongside the bitcoin ETF.
- The minimum investment for each fund is $100, and investments are in U.S. dollars.
- Costa Rican regulation does not classify bitcoin as an investment vehicle, but ETFs are permitted.
Banco Nacional, serving over 40% of Costa Rica’s population, introduces its first bitcoin ETF with a minimum investment of $100.
Source (2.6)https://www.coindesk.com/markets/2025/02/21/costa-rica-makes-first-foray-into-crypto-with-new-bitcoin-etf?rand=52298
