{"id":120101,"date":"2020-11-25T15:25:06","date_gmt":"2020-11-25T12:25:06","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/vaneck-launches-physically-backed-bitcoin-etn-on-deutsche-borse-xetra\/"},"modified":"2020-11-25T15:25:06","modified_gmt":"2020-11-25T12:25:06","slug":"vaneck-launches-physically-backed-bitcoin-etn-on-deutsche-borse-xetra","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/vaneck-launches-physically-backed-bitcoin-etn-on-deutsche-borse-xetra\/","title":{"rendered":"# VanEck launches physically-backed Bitcoin ETN on Deutsche B\u00f6rse Xetra"},"content":{"rendered":"<p>&#8220;<strong># VanEck launches physically-backed Bitcoin ETN on Deutsche B\u00f6rse Xetra <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTEvZGM1NDJkZWEtZmYxMC00Nzk5LWI5M2EtODQ2ZDY2MDA1Njg5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>After spending much of 2019 unsuccessfully lobbying to get its exchange-traded fund, or ETF, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved by the United States Securities and Exchange Commission, investment management fund VanEck has finally launched a Bitcoin-backed exchange-traded product.<\/p>\n<p>However, according to a Nov. 25 <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/gaborgurbacs\/status\/1331545499485278208?s=20\">tweet<\/a> from the company\u2019s digital asset strategist Gabor Gurbacs, the product is an exchange-traded note rather than an ETF, and is listed not on a U.S. exchange, but Germany\u2019s Deutsche B\u00f6rse Xetra.<\/p>\n<p>Rather than being a mutual fund, an ETN is essentially a debt instrument tracking a sometimes hard-to-access market, which in this instance is Bitcoin (BTC).<\/p>\n<p>The VanEck Vectors Bitcoin ETN is 100% backed by physical Bitcoin and offers investors direct exposure to the Bitcoin market in the trusted format of other regulated exchange-listed products. Product manager Dominik Poiger explained:<\/p>\n<blockquote><p>\u201cOur Bitcoin ETN is fully collateralized. This means that the money invested in the ETN is actually used to buy Bitcoin. In this way, each ETN represents a certain amount of Bitcoin.\u201d<\/p><\/blockquote>\n<p>The Bitcoin will be deposited and held in cold storage by Liechtenstein-based crypto custodian Bank Frick.<\/p>\n<p>VanEck put a lot of effort into trying to persuade the SEC to approve its Bitcoin ETF throughout the first part of 2019, but to no avail, and the Chicago Board Options Exchange withdrew the proposal in September, a month before the final decision was due. <\/p>\n<p>As Cointelegraph reported, the company recently published research showing that Bitcoin is less volatile than many stocks listed on the S&amp;P 500.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/vaneck-launches-physically-backed-bitcoin-etn-on-deutsche-boerse-xetra\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# VanEck launches physically-backed Bitcoin ETN on Deutsche B\u00f6rse Xetra &#8221; After spending much of 2019 unsuccessfully lobbying to get its exchange-traded fund, or ETF, approved by the United States Securities and Exchange Commission, investment management fund VanEck has finally launched a Bitcoin-backed exchange-traded product. However, according to a Nov. 25 tweet from the company\u2019s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":120102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/dc542dea-ff10-4799-b93a-846d66005689.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[81763,75917,117,43905],"class_list":["post-120101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-etns","tag-exchanges","tag-business","tag-germany"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/120101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=120101"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/120101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/120102"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=120101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=120101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=120101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}