BNP Paribas Expands Crypto Investment Options with Six New ETNs

BNP Paribas has taken another step into the world of cryptocurrencies by introducing six crypto-linked exchange-traded notes (ETNs) in France. These ETNs, which are available through standard securities accounts, provide retail clients with access to Bitcoin and Ether exposure.

The products offer a regulated way for individual investors to track the performance of digital assets without holding them directly. Unlike direct crypto purchases, ETNs have credit risk but no tracking error and tax advantages.

This move is part of BNP Paribas' broader efforts in the digital asset space. In 2024, the bank arranged and placed Slovenia's first digital sovereign bond, marking the European Union's debut issuance of a blockchain-based government bond.