France’s biggest lender, BNP Paribas, will offer six new crypto exchange-traded notes (ETNs) linked to Bitcoin and Ethereum starting March 30.
The products, available on its French exchange platform, target retail investors seeking indirect exposure to crypto without owning the underlying assets.
Issued under MiFID II regulation, the ETNs are backed by approved asset managers. They allow clients to invest with liquidity and diversification while bypassing direct custody risks.
BNP Paribas has long explored blockchain uses in trade finance and settlements. It is also part of Qivalis, a European banking consortium building a euro-backed stablecoin for institutional use by 2026.
In a separate move, the bank piloted a tokenized money market fund on Ethereum, testing how digital tools can streamline fund operations within regulatory bounds.
With over 2.5 million French retail investors active in 2025, and €2 trillion in household savings, even modest inflows could boost demand for BTC and ETH instruments.