According to TechFlow, on December 9, the French Financial Markets Authority (AMF) recently adjusted its policies to allow the retail sale of cryptocurrency index ETNs and removed the warning label requirement for eligible products. This move reflects a regional regulatory shift alongside the UK’s decision to lift its retail crypto ETN ban in October 2025 and Nordic bank Nordea’s plan to offer Bitcoin ETPs in December. Data shows that CoinShares holds a 32% share of assets under management in the European crypto ETP market, with its physical platform seeing a net inflow 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 to include 14 million active retail investors in the UK, nearly a quarter of French adults who hold financial investments, and 9 million private clients in the Nordic region.
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France adjusts retail rules for cryptocurrency ETNs, ushering in new changes in the European market
According to TechFlow, on December 9, the French Financial Markets Authority (AMF) recently adjusted its policies to allow the retail sale of cryptocurrency index ETNs and removed the warning label requirement for eligible products. This move reflects a regional regulatory shift alongside the UK’s decision to lift its retail crypto ETN ban in October 2025 and Nordic bank Nordea’s plan to offer Bitcoin ETPs in December. Data shows that CoinShares holds a 32% share of assets under management in the European crypto ETP market, with its physical platform seeing a net inflow 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 to include 14 million active retail investors in the UK, nearly a quarter of French adults who hold financial investments, and 9 million private clients in the Nordic region.