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French Pension Plans Integrate Bitcoin Through Innovative ETN Partnership
ByAinvest
Saturday, Jul 20, 2024 1:23 pm ET1min read
VanEck has partnered with Inter Invest to introduce Bitcoin to French pension savings plans through an Exchange Traded Note (ETN). This collaboration allows French investors to access digital assets in a regulated manner, with the $407 million VanEck Bitcoin ETN (VBTC) providing transparency and security. The ETN mirrors the MarketVector Bitcoin VWAP Close index and has a 1% total expense ratio, appealing to long-term investors seeking diversification. Despite skepticism, this move reflects a shift towards mainstream adoption and a commitment to innovation in financial markets.
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