Union Investment, the investment arm of the DZ bank group, takes another small step toward offering private investors crypto investment services. They will allocate a small portion of their funds to Bitcoin.
Union Invest’s Crypto Experimentation
Portfolio manager David Barthe stated that the company was considering adding Bitcoin to their funds in small amounts, ranging from 1% to 2% of their portfolios. This will begin in Q4 at an undetermined date.
This comes after the company for the first time included cryptocurrency in a mixed fund called Private Funds Flexible Pro at the beginning of this year. These were presented in the form of Delta 1 certificates. A Delta certificate provides investors with the same exposure to an asset as if they were directly owning the asset.
According to Kamil Kaczmarski, a consultant for financial service providers at Oliver Wyman, his firm has recently noticed increased interest in cryptocurrencies among mixed fund managers.
Union Investment currently manages approximately $500 billion in assets.
Cryptocurrency Access for the Masses
Union Investment’s developments are just one of many that are making it easier for the average person to gain exposure to cryptocurrencies. S Broker recently issued a combination of 40 Bitcoin certificates, stocks, and ETFs, allowing customers to invest in a diverse range of Cryptocurrency assets.
However, access to a Bitcoin ETF in the United States may be delayed. The SEC currently has no plans to approve such an institution and may not consider it a priority until 2023.
However, there are other ways to spread Bitcoin exposure. ATM installations have skyrocketed in recent months, providing wallet owners with a convenient way to buy and sell Bitcoin. According to statistics, the majority of these installations have occurred in the United States.