Odaily Planet Daily News VanEck has partnered with Inter Invest to provide Bitcoin investment exposure for the first time in French pension savings plans through its Bitcoin exchange-traded notes (ETN). Vaneck Bitcoin ETN (VBTC) worth $407 million will be available to French Pension Savings Plan (PER) investors, the first time French pension plan investors have access to digital asset investments. VBTC is fully collateralized and physically replicates the MarketVector Bitcoin VWAP Closing Index. The total expense ratio of the ETN is 1%. VanEck warned that investors should be "fully aware of the inherent volatility of cryptocurrencies." (etfstream)