BNP Paribas has announced the launch of six crypto exchange-traded notes (ETNs) tied to Bitcoin and Ethereum, targeting retail and private banking clients in France. Set to debut on March 30, 2026, these products offer indirect exposure to the cryptocurrencies under MiFID II regulations, which emphasize transparency and investor protection. The ETNs allow investors to gain exposure without directly holding the underlying assets, though they carry issuer credit risk and market-related losses. This move aligns with BNP Paribas's broader blockchain strategy and responds to rising retail demand for crypto-linked investment products. The bank has been actively exploring blockchain applications in areas such as trade finance and digital asset infrastructure. Additionally, BNP Paribas is part of the Qivalis consortium, working on a euro-pegged stablecoin expected to launch in late 2026 under MiCA guidelines. The initial rollout of the ETNs will focus on domestic clients, with plans for phased expansion to other regions.