News
Bitcoin Now in French Pension Plans!
VanEck has partnered with Inter Invest to introduce Bitcoin to French pension plans via an innovative Exchange Traded Note (ETN). This groundbreaking collaboration marks the first time 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 an important step towards mainstream adoption, offering a compliant way to include Bitcoin in long-term financial planning. The move represents a significant shift in the retirement savings landscape in France, combining traditional financial security with innovative digital asset benefits.
Solid 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, highlighted Bitcoin’s potential as a long-term asset despite its volatility, which he sees as typical of emerging assets. “We believe Bitcoin is an innovative long-term asset. Its current volatility reflects a search for value phase. Our ETN allows investors to access this dynamic in a regulated and easy-to-use product,” said Rozemuller.
Satisfying the market’s demand for innovation
Jean-Baptiste de Pascal, Deputy CEO of Inter Invest, expressed his enthusiasm for the partnership’s role in financial innovation. “This partnership is in line with our strategy of democratizing innovative financial assets. Including cryptocurrencies in our pension plan meets the market demand for combining retirement preparation and digital asset diversification,” he said. This initiative responds to the growing demand from investors for modern and diversified savings options.
Regulatory support and skepticism
The introduction of Bitcoin ETNs in French pension plans follows the first crypto ETN listings on the London Stock Exchange, approved by the Financial Conduct Authority (FCA) for professional investors. However, digital assets are still met with skepticism, with the European Central Bank (ECB) questioning the legitimacy and stability of these products. Despite this, VanEck’s continued involvement in the crypto space shows a commitment to innovation and responding to market demand.
Bridging Traditional Finance and Digital Assets
This partnership addresses the growing demand for financial products that combine traditional retirement planning with the benefits of digital assets. As cryptocurrencies gain popularity, partnerships 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 retirement 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 cryptocurrency investments. This move supports their strategy of offering diversified investment products in the growing cryptocurrency 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 partnered 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.