French bank BNP Paribas launches six crypto ETNs for retail access, tracking Bitcoin and Ether prices.
BNP Paribas, a major French bank, has introduced six exchange-traded notes (ETNs) linked to Bitcoin and Ether, allowing retail clients in France to gain exposure to these cryptocurrencies through regulated products. The ETNs will be available starting Monday via standard securities accounts, open to individual investors, entrepreneurs, private banking clients, and users of the bank's digital platform, Hello bank!.
These ETNs track the performance of Bitcoin and Ether without requiring investors to hold the actual assets. They offer benefits such as no tracking error and potential tax advantages, though they carry credit risk if the bank fails.
BNP Paribas's Growing Role in Digital Assets
In 2024, BNP Paribas arranged and placed Slovenia’s first digital sovereign bond, a milestone for blockchain-based government securities in the European Union. The bank also joined the Canton Foundation in September of the previous year, focusing on institutional finance and asset tokenization.
Additionally, BNP Paribas Asset Management launched a tokenized share class of a money market fund on the Ethereum blockchain last month, building on earlier efforts with private blockchain issuances in Luxembourg. This reflects the bank's ongoing expansion into digital asset technologies.
Crypto ETN adoption is spreading across Europe, with ING Germany recently adding products from firms like Bitwise and VanEck to its offerings. In the UK, retail access to crypto ETNs resumed in October 2025 after the Financial Conduct Authority lifted a ban from 2021.
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