VanEck, one of the issuers of the new Bitcoin spot ETFs, wants to bet on the expansion of the sector in Europe

ETF: is the future European?

The asset manager VanEck, one of the issuers of spot Bitcoin ETFs in the US, is planning to invest in the expansion of new financial products in Europe, through its subsidiary VanEck Europe.

Of all the company's assets under management, already 10% is related to crypto products, with conventional investments via ETFs. But according to Martijn Rozemuller, CEO of VanEck Europe, this percentage is destined to grow further, for a balance that could approach a share of 50%.

The objective is no small feat, but the performance of ETFs in the US gives rise to hope. Rozemuller's position is also shared by Jan Van Eck, CEO of VanEck, who already in 2018 purchased the European ETF issuer Think ETF Asset Management, specifically looking at the Old Continent.

ETF outlook for VanEck

VanEck, in the same club of new institutional issuers in the United States, is in direct competition with BlackRock, but compared to the finance giant it has been trying to introduce the ETF market in the US since 2017.

VanEck Europe, on the other hand, launched the “VanEck Crypto and Blockchain Innovators UCITS ETF” in 2021, and boasts holdings in Coinbase, Marathon Digital, Bitfarms and MicroStrategy.

According to Rozemuller, the new ETFs allow new investors to “invest sensibly” in Bitcoin, allowing for consistent, long-term exposure, and not just for quick profits.

“Many of the investors in VanEck Europe are like that,” he said. “Personally I like it a lot, and I think this company can become a point of reference for 'non-mainstream' financial products”.