France's financial regulator, the AMF, has revised its policies to permit the retail sale of crypto index Exchange-Traded Notes (ETNs) and removed warning labels for qualifying products. This regulatory shift aligns with the UK's upcoming plan to lift its retail crypto ETN ban in October 2025 and coincides with Nordea's December launch of Bitcoin ETPs. CoinShares, a major player in the European crypto ETP market, currently holds a 32% market share, having attracted $1 billion in net inflows on its physical platform this year. The European crypto ETN market has seen €2.5 billion in inflows in 2025, with regulatory changes broadening access to 14 million active UK retail investors, a quarter of French adults with financial investments, and 9 million Nordic private clients.