Anche questo completamente "collateralizzato" con acquisto di bitcoin "fisici"
https://www.etfexpress.com/2020/11/25/292689/vaneck-lists-bitcoin-etn-deutsche-borse
VanEck era stato respinto più volte dalla SEC per un ETF in USA, evidentemente hanno preferito passare da quest'altra parte dell'oceano con migliori fortune, almeno a livello di approvazione.
I bitcoin saranno custoditi da una banca del Liecthenstein (Bank Frick ) già attiva nel settore (https://www.bankfrick.li/en/banking-services/blockchain-banking/crypto-trading-services)
“Our Bitcoin ETN is fully collateralised. This means that the money invested in the ETN is actually used to buy bitcoin,” says Dominik Poiger, Product Manager at VanEck. “In this way, each ETN represents a certain amount of Bitcoin.” To ensure the security of bitcoin, VanEck is working with Bank Frick, a crypto custodian regulated in Liechtenstein, where the Bitcoin are held in “cold storage.” All parties involved can thus be sure at all times that the deposited Bitcoin are in fact available. Bank Frick is one of the European pioneers in the integration of crypto currencies in the regulated banking environment. “Thanks to our early market entry, we can demonstrate established and secure processes and extensive expertise,” says Raphael Haldner, Head of Fund and Capital Markets at Bank Frick.
Non è il primo ETN.
Certo la banca depositaria... siamo in un paese che viaggia sul limite... da blacklist...
https://www.fisconews24.com/paesi-black-list-2020-elenco-completo-dei-paradisi-fiscali/
La SEC sarebbe stata molto più rigida.