France adjusts retail rules for cryptocurrency ETNs, bringing new changes to the European market.

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