4,000 Institutional Funds in Germany Can Now Invest 20% of Portfolios in Cryp...
Around 4,000 institutional funds with almost 2 trillion euros in assets under management in Germany can now invest 20% of their portfolios in cryptocurrency, including bitcoin. The highly anticipated Fund Location Act (Fondsstandortgesetz) went into effect on July 1 in Germany. The German federal parliament, the Bundestag, cleared the legislation on April 22. Under this law, new and existing domestic special funds (Spezialfonds) are permitted to invest up to 20% of their portfolios in crypto assets, like bitcoin. There are approximately 4,000 such special funds covered by this....
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There’s plenty of people out there fascinated by the stock market (and making some money) who prefer to invest their funds in diversified portfolios. Beats doing all the work and it involves way less risk, right? What if you wanted to dabble in crypto with the same strategy? Say hello to CopyPortfolios, which allow eToro users to allocate their funds into managed portfolios. CopyPortfolios do all of the legwork involved in crypto investing, but the […]
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Keza, a New York-based startup, launched an iOS app that allows users to invest bitcoin in stocks and fixed incomes, according to Nasdaq. There are moderate, conservative and aggressive portfolios. The company has raised $357,000 and is backed by Digital Currency Group and Jason Calacanis of HOF Capital. The riskier the portfolio, the greater the exposure to volatile assets like foreign stocks. Once a user picks a portfolio, they can deposit bitcoin and track investments over time. There is a 1% maintenance fee, according to the Keza website. Stefan Britton and Simon Burns, company....