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BNP Paribas Launches Six Bitcoin and Ether Exchange‑Traded Notes in France

The move signals a compliance‑led way to meet client demand for crypto exposure without direct coin custody.

Overview

  • The six notes, open to French retail, entrepreneurial, private banking and Hello bank! clients Monday, are accessed through standard securities accounts.
  • The ETNs track Bitcoin or Ether prices and spare buyers from handling tokens, though investors assume the issuer’s credit risk rather than owning the coins.
  • BlackRock’s iShares, Invesco, WisdomTree and VanEck issue the products, which BNP says it selected for financial strength and risk controls.
  • The offering sits under Europe’s MiFID II rules, so buyers get suitability checks and plain‑language risk disclosures within the bank’s normal process.
  • Beyond listed notes, BNP is piloting a tokenized money market fund on the public Ethereum network and is part of Qivalis planning a euro‑backed stablecoin in the second half of 2026.