Hauck & Aufhäuser’s Digital Asset Fund I will reportedly cover 85% of the total crypto asset market.
German private bank Hauck & Aufhäuser announced its first crypto fund, the HAIC Digital Asset Fund I, launching Jan. 1, 2021.
According to a report on FundView, the initiative, a collaboration with Berlin fintech Kapilendo, will target institutional and semi-institutional investors who want to invest in a portfolio of crypto assets, including Bitcoin (BTC), Ether (ETH) and Stellar (XLM).
The fund will pursue a passive investment strategy, with a crypto allocation ratio based on market cap and other criteria. According to the company, the portfolio will cover 85% of the total crypto asset market.
The minimum investment in the fund is 200,000 Euros ($242,000), with no limit on the subscription period, and total ongoing fees for the fund are 2.05% of the fund volume.
Kapilendo will act as the crypto depository while Hauck & Aufhäuser is responsible for fund management. Board member Holger Sepp explained that institutional interest in crypto in Germany is growing:
“We are seeing that digital assets and cryptocurrencies are becoming increasingly attractive with institutional investors. With the launch of our first crypto fund, together with Kapilendo, we have created an innovative investment vehicle that gives our customers inexpensive and secure access to the new crypto asset class while meeting the established quality standards and high demands of Hauck & Aufhäuser.”
As Cointelegraph reported last week Stone Ridge’s digital asset subsidiary NYDIG, recently raised $150 million in two crypto investment funds.
Despite the SEC’s continued refusal to approve a Bitcoin ETF, ever more vehicles are becoming available for institutional investors to enter the crypto market.
[…]
Learn more
The Tulip Prize [1] was awarded yesterday to François Villeroy de Galhau for a speech…
Senator Elizabeth Warren, supported by other senators, today introduced a bill titled the “Digital Asset…
President Volodymyr Zelensky today signed the “virtual assets” law adopted by the Ukrainian parliament on…
Joe Biden today signed an executive order asking the federal government to assess the risks…
After the implementation of the Ethereum blockchain in the consensus Proof-of-Stake model called “Beacon Chain”,…
It hung in the face of investors, this correction. And if the movements of Bitcoin…
Leave a Comment