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Van Eck: Despite the size of the European Cryptocurrency ETP reaching 2 billion euros, the participation of institutional investors is still relatively low
Jan van Eck, CEO of VanEck, said in an interview with Jinse Finance that the current size of VanEck’s Cryptocurrency ETP in Europe has reached 2 billion euros, but a large part of it comes from individual investors, and institutional investors have a lower participation rate. Wealth management companies have not made allocations, and they have not even started to take action. In addition, Jan van Eck also mentioned that few private banks have actually approved investments in BTC or Ethereum, and there are no major initiatives in other encryption assets. VanEck revealed that the company currently has 12 token-based products trading in the European market.