VanEck Lists Bitcoin ETN on Deutsche Börse

deutscheboerse

U.S. investment management firm VanEck has secured the listing ofa Bitcoin ETN on Germany’s biggest stock exchange, Deutsche Börse Xetra, which manages €1.4 trillion in listed stocks. “Bitcoin’s low correlation to other asset classes makes it an excellent way to contribute to the diversification of a portfolio,” Martijn Rozemuller, Head of Europe at VanEck, said in a statement before further adding: “With our VanEck Vectors Bitcoin ETN, we offer a product that allows investors to benefit from the performance of Bitcoin.” The ETN is fully backed by bitcoin they say. Thus instead of investors managing wallets, the purchase and storage of the bitcoin ETN is as simple as trading in shares or ETFs. “VanEck is committed to supporting Bitcoin-focused financial innovation. Bringing to market a physical, fully-backed major exchange-listed Bitcoin ETP was a top priority of our firm. We succeeded! We hope to serve many clients and partners in Europe,…

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