European regulators are expanding regulated access to crypto by lifting restrictions and approving retail marketing of crypto ETNs; the UK’s FCA ended its retail crypto ETN ban, France adjusts AMF rules, and Nordic banks like Nordea plan to list CoinShares’ Bitcoin ETN in December, signaling growing institutional openness.

The shift comes amid a surge in European note investment, with more than €2.5 billion flowing into crypto notes this year, the strongest showing on record.

CoinShares has announced a merger with Vine Hill Capital Investment Corp and welcomed France’s AMF decision to permit retail marketing of regulated crypto ETNs, removing certain warning-label requirements for eligible products.

Retail exposure via ETNs offers regulated access without handling private keys, but comes with risks such as price volatility, counterparty risk, tracking errors, and potential liquidity issues.

A disclaimer in the coverage clarifies that the article reflects the author’s view and is not investment advice.

New safeguards require providers to display prominent warnings about risks and product features to protect retail investors while enabling regulated access.

Eligibility criteria for these crypto notes focus on the largest, most liquid assets, including market cap thresholds and high trading volumes.

Specifically, only top-tier cryptocurrencies qualify, demanding at least €10 billion in market capitalization and substantial ongoing trading activity.

CoinShares has partnered with BoursoBank to distribute notes to retail investors, potentially giving an early mover advantage as retail adoption grows.

CoinShares is a global digital asset manager listed on Nasdaq Stockholm and OTCQX, with multi-country operations and regulatory oversight across several jurisdictions.

Crypto ETNs are debt instruments that track cryptocurrencies and trade on traditional exchanges, offering regulated exposure rather than direct crypto purchases.

Nordea plans to list CoinShares’ Bitcoin ETN in December, underscoring rising institutional credibility for regulated crypto structures.