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German private bank Hauck & Aufh\u00e4user says it will launch a crypto investment fund in January next year, allowing institutional and semi-institutional investors to invest in digital assets including, bitcoin, ether, and stellar.<\/strong><\/p>\n \u25cf According to a report<\/a> on Fundview, the Frankfurt-based bank is partnering with local fintech company Kapilendo to establish the fund called \u2018HAIC Digital Asset Fund I.\u2019 Hauck & Aufh\u00e4user will manage the fund while Kapilendo will act as the crypto asset depository.<\/p>\n \u25cf The minimum investment in the fund is 200,000 euros ($242,000), said the report. There is no limit on the subscription period of the fund, it added, and fees of 2.05% will be charged on the total fund volume.<\/p>\n \u25cf Hauck & Aufh\u00e4user revealed it is planning for the portfolio to cover around 85% of the total cryptocurrency asset market. The 224-year-old bank, one of the oldest in Germany, said it will pursue a passive investment strategy, which will allocate funds depending on the virtual currency\u2019s market cap and other factors.<\/p>\n <\/ins> <\/ins> <\/p>\n \u25cf \u201cWe are seeing that digital assets and cryptocurrencies are becoming increasingly attractive with institutional investors,\u201d elaborated Holger Sepp, a Hauck & Aufh\u00e4user board member.<\/p>\n \u25cf \u201cWith the launch of our first crypto fund, together with Kapilendo, we have created an innovative investment vehicle that gives our customers inexpensive and secure access to the new crypto asset class while meeting the established quality standards and high demands of Hauck & Aufh\u00e4user,\u201d Sepp added.<\/p>\n \u25cf Hauck & Aufh\u00e4user was founded in 1796 as Gebhard & Hauck. In 1998, it merged with Munich-based Bankhaus H. Aufh\u00e4user to form the current entity. Majority owned by Chinese conglomerate Fosun International, Hauck & Aufh\u00e4user has offices in Germany, England, Luxembourg, China, and Hong Kong, focusing on advisory and asset management of private and corporate clients.<\/p>\n What do you think about this German bank\u2019s crypto fund? Let us know in the comments section below.<\/strong><\/em><\/p>\n The post German Bank to Launch Bitcoin Investment Fund in January<\/a> appeared first on Bitcoin News<\/a>.<\/p>\n