BNP Paribas Introduces Six Crypto-Linked Exchange-Traded Notes

BNP Paribas has expanded its digital asset footprint by introducing six new crypto-linked exchange-traded notes (ETNs). These products offer indirect exposure to the price movements of popular cryptocurrencies, allowing clients to benefit from their performance without directly holding them.

The ETNs are available across BNP Paribas' broader customer base, including private banking and digital-first 'Hello bank' clients. However, retail access is subject to strict investor protection protocols under MiFID II regulations.

Unlike physically backed crypto funds, the ETNs are unsecured debt securities issued by BNP Paribas. This means that investors take on both the credit risk of the bank and the volatility of the underlying assets.