BNP Paribas Launches Crypto ETNs for French Investors

BNP Paribas, France's largest bank, has taken another step towards embracing cryptocurrency. The lender will launch six new exchange-traded notes (ETNs) tied to Bitcoin and Ethereum on its platform starting March 30.

The ETNs are tradeable debt products that give investors exposure to the underlying markets through index tracking. They provide a liquid and diversified way for investors to gain indirect exposure to crypto assets without directly purchasing or holding the coins.

This move marks another milestone in BNP Paribas' efforts to leverage blockchain technology and cryptocurrency. The bank has been at the forefront of exploring the potential of these innovations, having tested use cases in areas such as trade finance and securities settlement.