PANews reported on October 20 that according to CNBC, Jan van Eck, CEO of asset management company VanEck, said in an interview that the company currently has 12 token-based products trading in the European market. Currently, VanEck's cryptocurrency ETP scale in Europe has reached 2 billion euros, but a large part of it comes from individual investors, and institutional investors have low participation. Wealth management companies have not made any allocations, and they have not even started to act. In addition, Jan van Eck also said that few private banks have actually approved investments in Bitcoin or Ethereum, and there are no major initiatives in other crypto assets.