Bitcoin’s Nordic Invasion: Bitwise Launches 7 SEK-Denominated Crypto ETPs on Nasdaq Stockholm
Institutional crypto just got a Scandinavian passport. Bitwise Asset Management, a titan in the digital asset fund space, has stormed the Nordic markets with a seven-strong lineup of crypto exchange-traded products (ETPs) on Nasdaq Stockholm.
From Bitcoin to the Broader Basket
The suite isn't playing small. It targets the full spectrum—from a pure-play Bitcoin ETP for the maximalists to diversified multi-coin funds capturing the broader crypto ecosystem's momentum. The key twist? Every single one is denominated in Swedish Krona (SEK), slicing through the traditional dollar-dominated access barrier for local investors.
Why Stockholm? Why Now?
This isn't a random expansion. Sweden's financial infrastructure, coupled with a tech-savvy investor base, makes it a prime beachhead for European crypto adoption. The move effectively hands Swedish pension funds, institutions, and retail traders a regulated, familiar vehicle to gain exposure—no need to navigate foreign exchanges or currency conversions. It's a masterclass in meeting demand where it already lives, bypassing the usual friction that keeps traditional finance lagging.
The Bigger Picture: Mainstreaming by the Book
Listing on a premier exchange like Nasdaq Stockholm isn't just about new products; it's a legitimacy stamp. It signals that crypto, once the wild west of finance, is now playing by the established rules of capital markets. For Bitwise, it's a strategic land grab in a region ripe for digital asset allocation—a region where investors might be more worried about kronor inflation than dollar devaluation. After all, what's a better hedge against fiat concerns than an asset class that operates entirely outside the old system?
The launch proves the institutional pipeline for crypto is no longer a trickle—it's a flood seeking every available channel. And sometimes, the path of least resistance runs straight through a well-regulated Nordic exchange, much to the chagrin of traditional brokers still trying to sell the same old bonds.
Bitwise combines crypto and traditional assets in new ETP lineup
The seven Bitwise ETPs in Stockholm offer several cryptocurrencies. Some are based on a single cryptocurrency, while others offer a wider range of digital assets or a mix of cryptocurrencies and traditional assets, such as gold.
One of the new listings features a Bitwise Core bitcoin ETP, offering straightforward exposure to the price of Bitcoin. Bitwise has launched spot Bitcoin and spot Ether ETPs, which are backed by actual tokens, including Bitcoin and Ether, held in secure facilities. This provides investors with assurance that real assets back the products.
The company provided staking-linked ETPs tethered to Ether and Solana. These products LINK to a network using its staking facility. Staking helps to keep the blockchain secure and can earn rewards over time.
Meanwhile, Bitwise also added its MSCI Digital Assets Select 20 ETP, which tracks the twenty largest cryptocurrencies by market value. These add to a single product that cuts exposure to multiple large digital assets.
The digital asset management company is rolling out a hybrid product that combines Bitcoin with gold, appealing to investors seeking both modern and traditional stores of value. Gold has always been seen as a classic safe-haven asset.
Meanwhile, Bitcoin has sometimes been called “digital gold,” and the pairing is said to offer a healthy and diverse blend of the two. Bitwise underlined that the underlying crypto assets fully support all of these ETPs. The holdings are stored in institutional cold storage, where they are kept offline at secure facilities to help reduce hacking risk and improve security.
Bitwise also pointed out that independent auditors verify the holdings every week, so investors can go away confident that everything is accurate and correct in their accounts.
Bitwise accelerates U.S. expansion
Bitwise has also been expanding in the United States, particularly in 2025, as American regulation of digital assets has become clearer. With clearer rules, there was less confusion and fewer enforcement worries for companies working in the crypto space.
In September 2025, Bitwise filed with the U.S. Securities and Exchange Commission (SEC) to create a Stablecoin & Tokenization ETF. This fund is designed to track companies that work with stablecoins, tokenization technology, payment systems, exchanges, and regulated cryptocurrency funds. Tokenization refers to the process of converting real-world assets, such as property, art, or financial instruments, into digital tokens.
In October 2025, Bitwise launched a solana Staking ETF (BSOL) on the New York Stock Exchange (NYSE). This allowed U.S. investors to gain exposure to Solana (SOL) and its staking rewards through a traditional financial product, rather than using a cryptocurrency wallet.
Then, in December 2025, Bitwise filed to launch a spot Sui ETF that WOULD follow the price of the Sui token. Bitwise selected Coinbase to act as the custodian for the Sui assets. The SEC has not yet decided on similar spot Sui ETF filings submitted by Canary Capital and 21Shares.
According to Bitwise researcher Ryan Rasmussen, changes made by the SEC in September 2025 may enable the launch of more than 100 new crypto ETPs in 2026, thanks to the adoption of generic listing standards that facilitate faster and simpler approvals.
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