Nordea, the largest bank in the Nordic region, will launch a Bitcoin Exchange Traded Product (ETP) in December, marking a significant policy shift from its previous stance of avoiding cryptocurrency activities. Developed by CoinShares, the ETP will track Bitcoin's price without requiring investors to own the cryptocurrency directly. Nordea will offer this product on an 'execution-only' basis, meaning it will not provide investment advice. This move comes amid stricter regulations, such as the EU's MiCA framework, and increasing demand from Nordic investors. A recent K33 survey indicates that approximately 2.1 million people in Denmark, Norway, Sweden, and Finland currently hold cryptocurrency, up from 1.5 million last year.