Coin-Turk 13 minutes ago
10
Banco Nacional, one of Costa Rica’s largest commercial banks, plays a pivotal role in the region’s financial landscape, managing approximately 7 billion dollars in assets. This state-owned bank is set to introduce a groundbreaking product in the country’s banking system.
ETF Products and Investment Terms
The bank’s investment management division, BN Fondos, is preparing to launch the country’s first cryptocurrency-based investment fund. This fund will be classified as a Spot Bitcoin 
$96,140 ETF and marks a significant milestone as Costa Rica’s inaugural crypto investment product.
In addition to the Bitcoin ETF, the bank plans to offer an ETF based on the S&P 500 index. The minimum investment for both funds has been set at 100 USD, with transactions conducted in US dollars rather than the local currency.
Pablo Montes de Oca, General Manager of BN Fondos, provided insights into the nature of the product. He noted that Costa Rican regulatio…
License.Read Entire Article
Screenshot generated in real time with SneakPeek Suite
BitRss World Crypto News | Market BitRss | Crypto Deals | Short Urls
Design By New Web | ScriptNet
