skip to Main Content
bitcoin
Bitcoin (BTC) $ 68,238.28 0.71%
ethereum
Ethereum (ETH) $ 3,800.33 0.14%
tether
Tether (USDT) $ 0.99952 0.04%
bnb
BNB (BNB) $ 600.67 0.61%
solana
Solana (SOL) $ 165.28 1.18%
staked-ether
Lido Staked Ether (STETH) $ 3,797.80 0.17%
usd-coin
USDC (USDC) $ 1.00 0.01%
xrp
XRP (XRP) $ 0.518467 0.43%
dogecoin
Dogecoin (DOGE) $ 0.159095 1.08%
cardano
Cardano (ADA) $ 0.451701 0.45%

Private German Bank to Launch Cryptocurrency Fund

Frankfurt, Germany
(Sean Pavone/Shutterstock)

Private German Bank to Launch Cryptocurrency Fund

Private German bank Hauck & Aufhauser is launching a cryptocurrency fund in January 2021.

  • According to an announcement on Thursday, the HAIC Digital Asset Fund will be aimed at institutional clients and hold a number of cryptocurrencies such as bitcoin, ether and stellar. The minimum investment will be €200,000 (US$243,000).
  • Frankfurt-headquartered Hauck & Aufhauser said it has seen digital assets and cryptocurrencies become increasingly attractive to institutional investors.
  • The fund managers will take a passive investment strategy while the cryptocurrency allocation will be based on the current market capitalization.
  • The bank is teaming up with the custody arm of Berlin-based fintech company Kapilendo, which will manage the secure storage of the crypto assets in the fund.
  • The crypto fund is one of the first to be launched by a private bank for high-net-worth individuals and institutional investors.
Loading data ...
Comparison
View chart compare
View table compare
Back To Top