VanEck becomes first provider to list crypto ETPs on the Euronext stock exchanges in Amsterdam and Paris
On 1 June asset manager VanEck will list its crypto ETPs on the regulated segments of the Euronext stock exchanges in Amsterdam and Paris. VanEck is the first provider to bring its crypto ETPs to the Dutch and French stock exchanges.
The ETPs already trade on Deutsche Börse Xetra in Germany. With this step, the ETF provider is further expanding its pioneering role for innovative and future-oriented investment solutions.
Both ETPs will trade in euros. They will enable investors to get exposure to the price development of Bitcoin and Ethereum without actually having to buy them themselves, at a Total Expense Ratio of only one percent:
The VanEck Vectors Bitcoin ETN is a fully secured exchange-traded note that invests in bitcoin. The strategy enables direct access to the largest and most liquid crypto currency and is 100 per cent collateralised by bitcoin and stored in cold storage with a regulated crypto custodian with (limited) crypto insurance.
The VanEck Vectors Ethereum ETN is a fully secured note that invests in ether. The strategy enables direct access to the second largest crypto currency and is 100 per cent collateralised by ether and stored in cold storage with a regulated crypto custodian with (limited) crypto insurance.
"We are very proud to be the first provider to give investors from France and the Netherlands access to our two cryptocurrency products on their home exchanges and thus to set a milestone for the asset class," says Martijn Rozemuller, CEO at VanEck Europe. “Bitcoin and Ethereum have firmly established themselves on the market as the two largest cryptocurrencies. Due to their low correlations to other asset classes, they provide an interesting opportunity to diversify one’s investment portfolio."
"Since the maximum amount of bitcoins that can be in circulation is capped and the amount of newly created bitcoins continues to decline, the cryptocurrency is often referred to as digital gold," says Rozemuller. "Bitcoin's impressive rally in recent years has made it an interesting investment alternative for many investors."
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