VanEck and Inter Invest Launch Bitcoin Option for French Retirement Plans

VanEck, in collaboration with Inter Invest, has launched a novel initiative to incorporate Bitcoin exposure into French retirement savings plans. The move utilizes VanEck’s $407 million VBTC Bitcoin ETF, recently listed on Australia’s primary exchange, allowing investors in France’s Pension Savings Plans (PER) to add digital assets to their retirement portfolios. This fully collateralized ETF, which follows the MarketVector Bitcoin VWAP Close Index, has a 1% total expense ratio and reflects the recent U.S. market approval of Bitcoin ETFs by the SEC. VanEck Europe’s CEO, Martijn Rozemuller, emphasized Bitcoin’s potential as a long-term asset, while Inter Invest’s Deputy CEO, Jean-Baptiste de Pascal, stressed their dedication to diversifying retirement savings. This development follows the London Stock Exchange’s approval of crypto ETF listings in Q2, meeting the growing demand from professional investors. As of now, Bitcoin is trading at approximately $65,400, marking a 5% increase in the past 24 hours.