VanEck has partnered with Inter Invest to introduce Bitcoin into French retirement savings plans through an innovative Exchange Traded Note (ETN). This groundbreaking collaboration marks the first time that French pension investors can gain exposure to digital assets in a regulated and secure manner. The product, the $407 million VanEck Bitcoin ETN (VBTC), provides a new way to include Bitcoin in retirement portfolios, offering transparency, security and diversification.

A new era for French pension savings

French investors have long sought reliable and regulated ways to invest in cryptocurrencies. The introduction of VBTC into pension plans is a major step towards widespread adoption, offering a compliant method to include Bitcoin in long-term financial planning. This move represents a significant shift in the retirement savings landscape in France, combining traditional financial security with the innovative benefits of digital assets.

Robust and transparent investment

VBTC is fully backed and mirrors the MarketVector Bitcoin VWAP Close Index, ensuring transparency and security. With a total expense ratio of 1%, it appeals to long-term investors looking for diversified options. Martijn Rozemuller, CEO of VanEck Europe, emphasized Bitcoin’s potential as a long-term asset, despite its volatility, which he sees as typical for emerging assets. “We believe Bitcoin is a long-term game-changer. Its current volatility reflects a phase of value-seeking. Our ETN allows investors to access this dynamic in a regulated and easy-to-use product,” said Rozemuller.

Meeting market demand for innovation

Jean-Baptiste de Pascal, Deputy CEO of Inter Invest, expressed enthusiasm about the partnership’s role in financial innovation. “This partnership aligns with our strategy of democratizing innovative financial assets. Including cryptocurrencies in our retirement plan meets the market demand for combining retirement preparation and digital asset diversification,” he said. This initiative addresses the growing demand from investors for modern and diversified savings options.

Regulatory support and skepticism

The introduction of Bitcoin ETNs into French pension plans follows the first listings of cryptocurrency ETNs on the London Stock Exchange, approved by the Financial Conduct Authority (FCA) for professional investors. However, digital assets still face skepticism, with the European Central Bank (ECB) questioning the legitimacy and stability of such products. Despite this, VanEck’s continued involvement in the cryptocurrency space shows a commitment to innovation and responding to market demand.

Bridging traditional finance and digital assets

This partnership responds to the growing demand for financial products that combine traditional retirement planning with the benefits of digital assets. As cryptocurrencies gain popularity, collaborations like this will help bridge the gap between traditional finance and digital markets. By offering a regulated and transparent way to invest in Bitcoin through pension plans, VanEck and Inter Invest are setting a precedent for similar projects globally.

VanEck’s Continuous Innovation

In April, VanEck enabled staking on the $150 million VanEck Ethereum ETN (VETH), providing more options for crypto investment. This move supports its strategy of offering diversified investment products in the growing crypto market. The inclusion of VBTC in French pension plans highlights VanEck’s commitment to expanding access to innovative financial products.

Conclusion

VanEck and Inter Invest have collaborated to bring Bitcoin to French pension plans. This marks a significant milestone in the integration of digital assets into traditional finance. This initiative provides French investors with a new way to diversify their retirement savings. It also sets a benchmark for other countries and financial institutions to follow. As demand for innovative financial products grows, partnerships like this will shape the future of investing.

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