New Van Eck Bitcoin Note Gives Hope to Traders

Van Eck Associates Corp. has introduced a bitcoin exchange-traded note on a German crypto exchange. Bitcoin and crypto, however, have remained relatively stable for some time.

Van Eck’s new crypto note is fully invested in bitcoin, and presently holds about $2 million in total assets at the time of writing. Gabor Gurbacs – director of digital asset strategy at Van Eck – commented in a recent interview: Crypto has been shooting up especially since October, given that this was the month where bitcoin established a newfound relationship with PayPal.

Timeline of Bitcoin