Investments in these funds will be accepted in U.S. dollars, broadening accessibility for Costa Rican investors.

Alongside the Bitcoin ETF, BN Fondos is also launching the BN ETF 500, which focuses on the S&P 500, marking a significant development in Central America's financial landscape.

Banco Nacional, the largest commercial bank in Costa Rica with over $7 billion in assets, is introducing this spot Bitcoin ETF through its investment arm, BN Fondos.

Despite the absence of specific regulations for cryptocurrencies in Costa Rica, existing laws permit Bitcoin investments through authorized investment vehicles.

While a proposed Crypto Asset Market Law introduced in 2022 aimed to regulate cryptocurrency use, it remains stalled, leaving a regulatory gap in the market.

The BN ETF 500 allows investors to access a diversified portfolio without the need to manage individual stocks, and it features no exit fees for flexible investment management.

These new funds provide opportunities for investors to diversify their portfolios with exposure to global markets through exchange-traded funds.

Costa Rica is set to launch its first Bitcoin exchange-traded fund (ETF) through Banco Nacional (BN), enabling citizens to invest in cryptocurrency via the banking system.

Both the Bitcoin ETF and the S&P 500 ETF require a minimum investment of $100 in U.S. dollars, making them accessible to a broad range of investors.

Pablo Montes de Oca, general manager of BN Fondos, stated that these funds represent a crucial step toward digitalization and aim to inspire new generations to invest.

Banco Nacional serves over 2.1 million customers, representing more than 40% of Costa Rica's population, positioning it well to lead in this new investment landscape.

The introduction of these funds aims to bridge traditional finance and digital assets, enhancing the accessibility of innovative investment products in Costa Rica.