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.
Robert Kiyosaki, the bestselling author behind Rich Dad Poor Dad, continues to champion Bitcoin as a solution to the United States’ financial struggles.
El Salvador’s President, Nayib Bukele, has boldly reaffirmed his country’s unwavering commitment to its Bitcoin initiative despite external pressure from the International Monetary Fund (IMF).
Metaplanet is ramping up its Bitcoin holdings, securing an additional 497 BTC for $43.9 million as part of its long-term accumulation plan.
Despite growing trade tensions between the U.S. and Canada, Bitcoin’s price has risen above $88,000, reflecting the market chaos.