German Investment Firm Plans To Add Bitcoin To Its Offerings
September 09 2021 - 12:00PM
NEWSBTC
The $500 billion German asset manager speeds up plans to adopt
crypto after assessing Bitcoin certificates. The DZ bank group
investment arm Union Investment makes another move to provide
crypto investment services to individual investors. They intend to
convert a small percentage of their funds to BTC. Related Reading |
New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading
Course Union Investment is knowns as the investment arm of DZ Bank
Group, an organization with more than 800 cooperative banks. They
had an asset worth $507 billion under management as of June 30.
This makes the investment company one of the biggest asset managers
in Germany. Union Investments Conducting A Crypto Experiment
According to sources, the portfolio manager revealed the Company’s
intention to convert 1-2% of their portfolio to BTC. However, David
Barthe added that they’re yet to fix the date the plan will kick
off in Q4. This idea emerged after the company’s first addition of
crypto to a mixed fund known as Private Funds Flexible Pro. They
came like Delta one certificates early this year. Delta
certificates expose investors to assets in a manner that looks like
they are the owners already. Kamil Kaczmarski is a renonwn
consultant for Oliver Wyman financial service providers. He
revealed that his firm had observed the high interest in crypto
existing within the fund manager lately. Currently, union
investment has a total sum of $500 billion worth of assets under
management. Bringing Bitcoin To The Masses Developments like the
ones at Union Investment are among the many that make crypto
exposure easier for an average person. Further assistance from
Germans S Brokers issued Stocks, ETFs, and 40 BTC certificates
recently. This will give customers access to a wide range of crypto
assets to invest in This means suspension of access to Bitcoin ETF
in the US. It’s not in SEC plans to approve institutions like that
currently, and they may wait till 2023 before considering it. A
bitcoin ETF is a digital currency that mimics the BTC price,
the most popular digital currency. It allows investors to buy into
the ETF without following the complicated process of trading
bitcoin itself. Related Reading | Bitfinex To Roll Out Security
Token Offerings (STOs) Platform In Kazakhstan Recently, ATM
installations are increasing greatly, providing a more friendly
option of purchasing and selling BTC to wallet owners. Statistics
show that most ATM installations are done in the US. Bitcoin is
still trying to recover its previous losses | Source: BTCUSD on
TradingView.com A BTC ATM is a kiosk allowing individuals to buy
Bitcoin and other cryptos with a debit card or cash. Bitcoin cash
kiosks are similar to traditional Automated Teller Machines, except
they don’t connect to any bank account. Instead, they directly
connect users to a Bitcoin exchange or wallet; 42,266 BTC ATMs in
the United States. Featured Image From Pixabay, Chart From
TradingView.Com
Bitcoin Cash (COIN:BCHUSD)
Historical Stock Chart
From Aug 2024 to Sep 2024
Bitcoin Cash (COIN:BCHUSD)
Historical Stock Chart
From Sep 2023 to Sep 2024