AMWatch

Nordic investors have reservations about "shady" Bitcoin ETFs

While most Nordic investors refuse to invest in Bitcoin ETFs, Norway’s largest pension company KLP has left the door to the asset class slightly open, citing the need for a thorough evaluation.
Bård Bringedal, CIO of Storebrand Asset Management, says the approval of Bitcoin ETFs won't change the company's general reservations about crypto. | Photo: PR/Storebrand
Bård Bringedal, CIO of Storebrand Asset Management, says the approval of Bitcoin ETFs won't change the company's general reservations about crypto. | Photo: PR/Storebrand
Philip Madsen and Reeta Paakkinen

Nordic investors remain unconvinced about investments in cryptocurrencies, despite the approval of 11 spot Bitcoin ETFs in the US. The managers’ concerns are rooted in skepticism about the ethical and financial value of the asset class, AMWatch has learned. 

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