German Bank Offers Crypto Investing through New Fund

The German bank Hauck & Aufhauser announced that it starts a new fund for crypto investing, called HAIC Digital Asset Fund I. The fund is expected to invest in Bitcoin, Ethereum and Stellar.

The fund’s strategy will be passive as analysts see that it will follow the market cap in the crypto market, covering an 85 % spectrum in the current situation.

The participation is addressed to institutional investors as the minimum participation amount is €200,000 while the management fees will be 2.05 % on the investing amount.

Even if the US SEC is continuously denying to approve a Bitcoin ETF, more and more institutional investors create investment vehicles that allow larger capital flows to enter the market.