The French Financial Markets Authority (AMF) has recently adjusted its policies to allow the retail sale of cryptocurrency index ETNs and has removed the warning label requirement for eligible products. This move aligns with the UK's decision to lift the retail crypto ETN ban in October 2025, as well as Nordic bank Nordea's plan to offer Bitcoin ETPs in December, marking a shift in regional regulations. Data shows that CoinShares holds a 32% share of assets under management in the European cryptocurrency ETP market, with its physical platform seeing net inflows of $1 billion year-to-date. The European crypto ETN market has recorded €2.5 billion in inflows this year. These regulatory adjustments expand the potential market coverage, including 14 million active retail investors in the UK, nearly a quarter of French adults holding financial investments, and 9 million private clients in the Nordic region.

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