Advertisement
Australia markets closed
  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     
  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     
  • AUD/USD

    0.6545
    +0.0021 (+0.33%)
     
  • OIL

    84.00
    +0.43 (+0.51%)
     
  • GOLD

    2,351.20
    +8.70 (+0.37%)
     
  • Bitcoin AUD

    98,467.02
    +57.96 (+0.06%)
     
  • CMC Crypto 200

    1,391.09
    -5.45 (-0.39%)
     
  • AUD/EUR

    0.6096
    +0.0023 (+0.37%)
     
  • AUD/NZD

    1.0971
    +0.0014 (+0.13%)
     
  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     
  • NASDAQ

    17,430.50
    -96.30 (-0.55%)
     
  • FTSE

    8,078.86
    +38.48 (+0.48%)
     
  • Dow Jones

    38,085.80
    -375.12 (-0.98%)
     
  • DAX

    17,917.28
    -171.42 (-0.95%)
     
  • Hang Seng

    17,735.11
    +450.57 (+2.61%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

German Institutional Funds Allowed up to 20% in Crypto Holdings

BeInCrypto –

Certain institutional funds with fixed investment rules in Germany can now put up to 20% of their holdings in cryptocurrencies.

These so-called Spezialfonds will now be able to do this according to a law taking effect on Monday. The funds can only be accessed by institutional investors, such as pension companies and insurers. They currently manage about 1.8 trillion euros ($2.1 trillion).

German financial conservatism

Crypto assets expert at Germany’s fund industry body BVI Tim Kreutzmann believes that most funds will stay well below 20%. “On the one hand, institutional investors such as insurers have strict regulatory requirements for their investment strategies. And on the other hand, they must also want to invest in crypto.”

This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto