{"id":9148,"date":"2021-07-05T14:54:05","date_gmt":"2021-07-05T14:54:05","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/4000-institutional-funds-in-germany-can-now-invest-20-of-portfolios-in-crypto-assets\/"},"modified":"2021-07-05T14:54:05","modified_gmt":"2021-07-05T14:54:05","slug":"4000-institutional-funds-in-germany-can-now-invest-20-of-portfolios-in-crypto-assets","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/4000-institutional-funds-in-germany-can-now-invest-20-of-portfolios-in-crypto-assets\/","title":{"rendered":"4,000 Institutional Funds in Germany Can Now Invest 20% of Portfolios in Crypto Assets"},"content":{"rendered":"<p><strong>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.<\/strong><\/p>\n<p>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.<br \/>\nUnder this law, new and existing domestic special funds (Spezialfonds) are permitted to invest up to 20% of their portfolios in crypto assets, like bitcoin.<br \/>\nThere are approximately 4,000 such special funds covered by this legislation. According to a report by BVI Investments, 1.88 trillion euros ($2.23 trillion) were invested in open special funds, excluding special real estate funds, as of the end of December 2020.<\/p>\n<p><!-- growjs zone placement 31 -->   <!-- end of growjs zone placement --> <\/p>\n<p>If all special funds were to allocate the full 20% in cryptocurrency, it would equate to more than 376 billion euros ($446 billion).<br \/>\nTraditionally, special funds are open-ended, regulated investment funds limited to institutional investors, such as financial institutions, insurance companies, corporations, foundations, and churches.<\/p>\n<p><em><strong>What do you think about this law allowing special institutional funds to invest in cryptocurrency? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p>Bitcoin News<br \/>\nRegulation, Bitcoin, crypto assets, Cryptocurrencies, Cryptocurrency, german funds, german laws, Germany, Hedge Funds, institutional funds, institutional investors, special funds<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&hellip;<\/p>\n","protected":false},"author":0,"featured_media":9149,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-9148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9148"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=9148"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/9149"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=9148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=9148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=9148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}