BNP Paribas Launches Crypto ETNs for Retail Investors
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
BNP Paribas, a major French bank, has launched six new exchange-traded notes (ETNs) linked to cryptocurrencies, allowing retail clients in France to invest in Bitcoin and Ether without owning the actual coins. These regulated products, which track the price of Bitcoin and Ether, offer tax benefits and no tracking errors but come with credit risk. BNP Paribas has been expanding its crypto presence, including handling Slovenias first digital sovereign bond on blockchain and launching a tokenized money market fund on Ethereum. Europe is also embracing crypto ETNs, with ING in Germany adding Bitwise and VanEck options and the UK lifting a four-year ban on retail investments.
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