BNP Paribas Launches Bitcoin and Ethereum ETNs for French Market
- BNP Paribas is introducing six new crypto exchange-traded notes (ETNs) linked to Bitcoin and Ethereum on its French exchange platform starting March 30.
- The ETNs offer indirect exposure to crypto assets under MiFID II, enhancing transparency and investor protection.
- The products are issued by vetted asset managers, with a phased international rollout planned.
- BNP Paribas has been active in blockchain innovation, including tokenizing a money market fund on the Ethereum infrastructure.
- The bank is part of Qivalis, aiming to launch a euro-pegged stablecoin by late-2026 under MiCA rules.
BNP Paribas is expanding its offerings with new ETNs tied to Bitcoin and Ethereum, providing French investors regulated access to crypto markets. This move aligns with their ongoing blockchain initiatives and participation in the Qivalis consortium.
Source (3.2)https://cryptobriefing.com/bnp-paribas-debuts-bitcoin-ethereum-etns/?rand=59535
