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On Monday, Managers of USD 2trn Get Access to Crypto + More News

cryptonews.com
 2021-07-30

Cover picture for the articleGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Starting Monday, 4,000 of Germany’s Spezialfonds will be allowed to invest up to 20% of their portfolios in cryptoassets. These special funds, available to institutional investors only, manage around EUR 1.8trn (USD 2.1trn) worth of assets. Deutsche Bank AG’s asset manager DWS Group is monitoring developments, but is not currently planning to offer any funds that buy crypto, a spokeswoman told Bloomberg. Meanwhile, DekaBank, one of the country’s biggest asset managers, has been considering investing in crypto but hasn’t made a decision yet, per the report.

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