Van Eck: Despite European Crypto ETPs Reaching €2 Billion, Institutional Participation Remains Low

Jan van Eck, CEO of VanEck, said in an interview that the current size of Van Eck's cryptocurrency ETP in Europe has reached 2 billion euros, but a large part of it comes from individual investors, institutional investors have low participation, wealth management companies have not made any allocations, and they have not even started to act. In addition, Jan van Eck also said that few private banks actually approve investments in Bitcoin or Ethereum, and there are no major initiatives in other crypto assets. Van Eck revealed that at this stage the company has 12 token-based products trading in the European market.