TechFlow reported on July 16, according to ETFStream, that VanEck has partnered with Inter Invest to offer, for the first time in French pension savings plans, exposure to Bitcoin through its Bitcoin exchange-traded note (ETN). The Bitcoin ETN (VBTC), with a market capitalization of $407 million, will be made available to investors in France's retirement savings plan (PER), marking the first time digital asset investment has been offered to participants in French pension plans.
VBTC is fully collateralized and physically replicates the MarketVector Bitcoin VWAP Close Index, with a total expense ratio of 1%. VanEck emphasized the volatility of cryptocurrencies, while viewing Bitcoin as an innovative long-term asset.
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