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BN Fondos has launched the first Bitcoin and S&P 500-focused investment funds in Central America, positioning itself as a pioneer in the region’s financial sector.
The BN ETF 500 and BN ETF Bitcoin offer investors an opportunity to diversify their portfolios with exposure to global markets through exchange-traded funds.
“These funds not only present an attractive investment opportunity but also represent a crucial step toward digitalization,” said Pablo Montes de Oca, general manager of BN Fondos. “Our commitment is to offer innovative products that benefit our clients and encourage new generations to invest,” according to Delfino.
Bitcoin and S&P 500 Exposure
The BN ETF 500 is designed for long-term investors seeking exposure to the S&P 500, an index that tracks the 500 largest publicly traded companies in the U.S.
It enables Costa Rican investors to access a broad market portfolio without the need to manage individual stocks. The fund also features no exit fees, allowing for flexible investment management.
The BN ETF Bitcoin provides exposure to Bitcoin (BTC) through ETFs, enabling investors to participate in the crypto market without directly holding digital assets.
To manage liquidity, the fund may also invest in U.S. and Costa Rican government securities denominated in U.S. dollars.
By launching these funds, BN Fondos aims to bridge the gap between traditional finance and digital assets, making innovative investment products more accessible. Currently, Costa Rica ranks 92nd out of 155 countries in global crypto adoption, according to Chainalysis’ 2023 index.