Hansainvest, a German financial services company with €55 billion in assets under management, has made a groundbreaking move by adding cryptocurrency to its Wealthgate Multi Asset fund. This is the first time a fund of its kind in Europe has included exposure to digital assets, marking a significant milestone in the growing trend of cryptocurrency adoption.
The Wealthgate Multi-Asset Fund Hansainvest, a large European financial services firm with assets under management amounting to €55 billion, has expanded its investment portfolio to include cryptocurrency according to a report by Trustnodes. The company’s Wealthgate Multi Asset Fund, a diversified global fund that invests in a wide range of financial instruments such as shares, bonds, money market instruments, certificates, funds, and time deposits, has been updated to include the BIT Global Crypto Leaders fund.
The fund allocation of the firm to the crypto market was reflected in the annual report it filed to Germany’s Securities and Exchanges Commission last month.
BIT Global Crypto Leaders Fund The BIT Global Crypto Leaders fund was launched in June 2021 and invests in crypto-related companies and assets. As of August 2022, the fund managed by BIT Capital GmbH included €1.5 million in Ethereum, €700,000 in Binance coin, €200,000 in Polygon, and €100,000 in the FTX token based on the source. Although the February update did not crunch the numbers down, 5% of the fund’s holdings were reportedly in ETH, with BIT Capital managing €28.8 million in the crypto fund. (...)