{"id":32356,"date":"2020-11-25T18:14:36","date_gmt":"2020-11-25T16:14:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32356"},"modified":"2025-08-28T08:12:43","modified_gmt":"2025-08-28T05:12:43","slug":"vaneck-gains-bitcoin-etn-listing-on-europes-third-largest-exchange","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/vaneck-gains-bitcoin-etn-listing-on-europes-third-largest-exchange\/","title":{"rendered":"VanEck gains Bitcoin ETN listing on Europe&#8217;s third-largest exchange"},"content":{"rendered":"<p>VanEck, the asset-management company, announced the addition of physically backed Bitcoin exchange-traded notes (ETNs) to the list of tradable instruments. Trading has begun on Xetra, the German exchange operated by Deutsche Boerse.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">1) Today <a href=\"https:\/\/twitter.com\/vaneck_eu?ref_src=twsrc%5Etfw\">@vaneck_eu<\/a> launched a <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ETN?src=hash&#038;ref_src=twsrc%5Etfw\">#ETN<\/a>. The ETN is physically-backed by Bitcoin and listed on Deutsche B\u00f6erse Xetra. Launching a Bitcoin ETP was a top priority for VanEck. We succeeded! VanEck hopes to serve many in Europe and Asia! Resource page: <a href=\"https:\/\/t.co\/oRpVOQyby2\">https:\/\/t.co\/oRpVOQyby2<\/a> <a href=\"https:\/\/t.co\/xnCnTWqMrG\">pic.twitter.com\/xnCnTWqMrG<\/a><\/p>\n<p>\u2014 Gabor Gurbacs (@gaborgurbacs) <a href=\"https:\/\/twitter.com\/gaborgurbacs\/status\/1331545499485278208?ref_src=twsrc%5Etfw\">November 25, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>VanEck&#8217;s digital assets strategist Gabor Gurbacs expects that the product will attract interest from investors in Europe and Asia, who will be able to participate in movements of the first cryptocurrency without having to buy it directly.<\/p>\n<p>An ETN is like an ETF in that the issuer is not obliged to buy and hold any assets to track the price. In the case of the VanEck Vector Bitcoin ETN, it is backed 100% by real bitcoins.<\/p>\n<blockquote>\n<p>\u00abOur Bitcoin ETN is fully backed. This means that the money invested in the ETN is actually used to buy Bitcoin. Thus, each ETN represents a definite amount of the first cryptocurrency\u00bb, \u2014 <a href=\"https:\/\/www.etfexpress.com\/2020\/11\/25\/292689\/vaneck-lists-bitcoin-etn-deutsche-borse\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">\u043f\u043e\u044f\u0441\u043d\u0438\u043b<\/a> Dominik Poiger, VanEck\u2019s product manager.<\/p>\n<\/blockquote>\n<blockquote class=\"wp-embedded-content\" data-secret=\"hZd8xr8XN1\">\n<p>What is a cryptocurrency ETF?<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u00abWhat is a cryptocurrency ETF?\u00bb \u2014 ForkLog\" src=\"https:\/\/u1f987.com\/cryptorium\/chto-takoe-bitkoin-etf\/embed#?secret=lirqOpXbnT#?secret=hZd8xr8XN1\" data-secret=\"hZd8xr8XN1\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>The custodian of the bitcoins to be held will be Frick, a Liechtenstein-regulated bank.<\/p>\n<p>Gabor Gurbacs also highlighted other features of the offering:<\/p>\n<ul>\n<li>A small premium\/discount to NAV (net asset value);<\/li>\n<li>Transparency of holdings;<\/li>\n<li>Transparent pricing;<\/li>\n<li>Investor protections;<\/li>\n<li>Managed by a professional market participant.<\/li>\n<\/ul>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">2) Important <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ETP?src=hash&#038;ref_src=twsrc%5Etfw\">#ETP<\/a> Features:<br \/>\n+ Physically backed (100% Bitcoin collateralized)<br \/>\n+ Exchange listed (Deutsche B\u00f6rse Xetra)<br \/>\n+ Negligible premium\/discount to NAV<br \/>\n+ Transparent holdings<br \/>\n+ Transparent prices<br \/>\n+ Investor protections<br \/>\n+ Professionally managed by <a href=\"https:\/\/twitter.com\/vaneck_eu?ref_src=twsrc%5Etfw\">@vaneck_eu<\/a><\/p>\n<p>\u2014 Gabor Gurbacs (@gaborgurbacs) <a href=\"https:\/\/twitter.com\/gaborgurbacs\/status\/1331546957144350722?ref_src=twsrc%5Etfw\">November 25, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, VanEck pursued a Bitcoin ETF in the United States, but withdrew its latest application for such a product in September 2019.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>VanEck announced the addition of physically backed Bitcoin ETNs to the list of tradable instruments. Trading has begun on Xetra, the German exchange operated by Deutsche B\u00f6rse.<\/p>\n","protected":false},"author":1,"featured_media":32357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1156,1211,783],"class_list":["post-32356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-institutional-investors-and-whales","tag-stock-market","tag-vaneck"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=32356"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32356\/revisions"}],"predecessor-version":[{"id":32358,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32356\/revisions\/32358"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/32357"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=32356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=32356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=32356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}