BNP Paribas launches regulated ETNs offering indirect Bitcoin and Ether exposure to French retail investors

BNP Paribas announced it will offer six exchange-traded notes (ETNs) indexed to Bitcoin and Ethereum to retail clients in France, with the products becoming available from March 30, 2026 ^{[1] [2]}.

The ETNs provide indirect exposure to crypto price movements via unsecured debt instruments issued by third‑party asset managers and are tradable through customers' securities accounts online, giving retail clients regulated access to BTC and ETH performance without holding the underlying tokens ^{[1] [3]}.

BNP Paribas framed the move as expanding retail access to crypto and bringing digital-asset exposure closer to everyday investors, aligning with recent trends of banks offering structured crypto-linked products to clients ^{[2] [4]}.

The offering lets French retail investors track Bitcoin and Ether price movements via bank-distributed ETNs rather than direct custody of cryptocurrencies, representing an on‑ramp to crypto exposure within a traditional banking channel ^{[1] [3]}.