VanEck Brings Bitcoin Exposure to French Pension Plans through ETN

IconCryptoNewsTerminal Staff16 Jul, 2024

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VanEck Brings Bitcoin Exposure to French Pension Plans through ETN

VanEck, a leading provider of exchange-traded products (ETPs), has partnered with Inter Invest, a French investment manager, to offer Bitcoin exposure to French pension savings plans (PER) through a Bitcoin exchange-traded note (ETN). This move marks the first time that a crypto investment product has been made available to French pension investors. The VanEck Bitcoin ETN (VBTC) will provide investors with exposure to the price of Bitcoin without having to directly purchase and hold the cryptocurrency. The ETN will be listed on Euronext Paris and will be available to investors in France through their PER accounts. A total of €407 million (USD 447 million) worth of VBTC will be made available to PER investors. The launch of the VBTC ETN represents a significant milestone in the growing adoption of cryptocurrencies by traditional financial institutions. It also provides French pension investors with a new way to diversify their portfolios and gain exposure to the potential growth of Bitcoin.

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