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Traditional Fund Giant VanEck Is Launching Bitcoin ETN For European Market

Mary Liu

Summary: VanEck, a 65-year-old traditional fund management company in the United States, announced today that it will launch Bitcoin Exchange-traded Note (ETN) products for the European market. The product uses the pricing data of financial services company MV Index Solutions, which will enable investors to access or bet on the price trend of Bitcoin, without the ...

VanEck, a 65-year-old traditional fund management company in the United States, announced today that it will launch Bitcoin Exchange-traded Note (ETN) products for the European market. The product uses the pricing data of financial services company MV Index Solutions, which will enable investors to access or bet on the price trend of Bitcoin, without the need to buy "spot" Bitcoin on unregulated cryptocurrency exchanges, and free from security, regulation, and storage risks. Bitcoin ETN will be listed on the German exchange Deutsche Börse Xetra. It is reported that VanEck's AUM is close to $49 billion in 2019.

By Mary Liu

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