VanEck, in partnership with Inter Invest, has introduced a groundbreaking initiative to offer Bitcoin exposure within French retirement savings plans.
The move leverages VanEck’s VBTC Bitcoin ETF, valued at $407 million, recently launched on Australia’s top exchange. This ETF enables investors in France’s Pension Savings Plans (PER) to include digital assets in their retirement portfolios.
VBTC ETF, fully collateralized, tracks the MarketVector Bitcoin VWAP Close Index, aligning with investor demand for regulated exposure to cryptocurrency. The ETF boasts a 1% total expense ratio, mirroring the US market’s recent approval and launch of Bitcoin ETFs by the SEC in January.
Martijn Rozemuller, CEO of VanEck Europe, underscored BTC’s potential as a long-term asset despite recent price volatility, which saw BTC retreat to $53,500 in July following a failed retest of its $73,500 peak.
Inter Invest’s Deputy CEO, Jean-Baptiste de Pascal, highlighted their commitment to diversifying retirement savings through innovative financial instruments.
The introduction of Bitcoin ETFs into French pension plans follows London Stock Exchange’s approval of crypto ETF listings in Q2, catering to professional investor demand.
At the time of writing, Bitcoin is trading at around $65,400 after a 5% increase in the past 24 hours.
Ross Ulbricht, founder of the infamous Silk Road marketplace, is back in the headlines after receiving a mysterious transfer of 300 BTC—valued at roughly $31 million.
Bitcoin could be heading for a notable dip if it fails to stay above a key price zone, according to market watcher DonAlt.
A new report from Cane Island reveals a startling truth about Bitcoin’s supply: by late 2025, over 7 million BTC could be permanently lost—more than one-third of all coins ever mined.
In a fresh move to bolster its Bitcoin war chest, Strategy is rolling out a new fundraising vehicle—Stride preferred shares—targeting up to $1 billion in capital.