CoinVoice recently learned that according to ETFStream, VanEck has partnered with Inter Invest to provide Bitcoin investment exposure for the first time in the French pension savings plan through its Bitcoin exchange-traded note (ETN). The Bitcoin ETN (VBTC) has a market value of $407 million and will be provided to French Pension Savings Plan (PER) investors. This is the first time that French pension plan investors have access to digital asset investments.
VBTC is fully collateralized and physically replicates the MarketVector Bitcoin VWAP Close Index, with a total expense ratio of 1%. VanEck emphasizes the volatility of cryptocurrencies and believes that Bitcoin is an innovative long-term asset. [Original link]