VanEck launches the first Bitcoin ETN for French pension plans

ChainCatcher news, according to ETFStream, VanEck has partnered with Inter Invest to offer Bitcoin investment exposure in France's pension savings plans for the first time through its Bitcoin exchange-traded note (ETN). The Bitcoin ETN (VBTC) has a market capitalization of $407 million and will be available to investors in France's pension savings plans (PER), marking 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, viewing Bitcoin as a long-term asset of innovation.