$69,060.00
7.03%$2,068.63
11.33%$1.63
30.54%$1.46
7.59%$631.71
7.21%$1.00
0.00%$89.39
13.52%$0.285834
0.96%$0.104029
12.84%$1.035
0.53%$0.308635
18.40%$51.55
6.66%$514.91
6.50%$1.00
0.00%$8.74
3.26%$28.66
4.94%$9.42
14.16%$339.81
5.34%$0.164233
1.69%$0.998948
-0.04%$0.167422
10.81%$1.00
0.04%$0.00962447
2.02%$0.105435
9.80%$58.01
12.62%$257.66
4.73%$9.68
15.69%$0.999818
-0.09%$1.012
16.37%$0.00000645
8.70%$0.079641
6.65%$1.33
0.60%$0.117271
6.27%$5,165.35
0.24%$4.08
22.11%$5,197.63
0.21%$1.35
-4.95%$0.626806
6.09%$1.00
0.00%$122.95
7.29%$0.00000435
10.38%$186.13
9.69%$0.718039
2.59%$0.997806
0.03%$78.73
6.46%$1.00
0.01%$0.070694
8.35%$1.23
26.01%$1.12
0.00%$0.17121
4.72%$2.25
2.53%$1.00
0.01%$0.00000165
0.54%$9.47
12.62%$0.286276
14.60%$2.49
16.96%$0.999309
-0.06%$0.117507
3.94%$0.423301
12.24%$8.94
7.71%$11.00
0.01%$7.20
6.40%$0.00192106
9.10%$2.07
3.78%$0.061522
7.96%$66.24
6.72%$0.112113
13.31%$0.01667445
2.16%$0.88716
7.76%$0.03201635
9.18%$1.099
32.81%$0.094436
11.86%$3.60
6.08%$1.004
0.44%$0.00979151
6.54%$1.095
23.54%$1.52
11.43%$1.24
0.20%$0.757302
-10.33%$1.001
0.05%$114.40
0.01%$1.027
0.00%$1.11
0.40%$0.00804377
12.39%$0.03460709
3.56%$1.83
13.12%$0.08096
1.03%$0.104716
12.64%$0.00000661
13.54%$0.0318678
11.06%$1.096
0.01%$1.001
0.33%$0.163596
12.59%$1.00
0.04%$0.01296093
3.37%$28.95
3.62%$0.273088
14.08%$0.276892
5.17%$0.999568
0.01%$0.072873
10.06%$1.087
-0.18%$0.714928
17.47%$0.00745321
15.63%$1.18
0.39%$1.00
0.00%$35.65
8.47%$1.34
11.45%$0.403198
9.29%$167.47
0.92%$0.533432
2.32%$0.04441643
-3.57%$0.172439
12.17%$0.26263
17.13%$1.00
0.01%$1.10
7.45%$1.49
3.60%$0.085259
9.26%$0.03564582
5.24%$132.84
9.78%$0.999832
-0.00%$0.372317
13.30%$1.02
-0.13%$3.35
5.77%$0.00000034
3.90%$16.76
9.05%$0.056623
7.02%$0.00000033
0.54%$0.367377
21.97%$0.056202
10.51%$1.58
5.26%$0.01651606
0.48%$3.20
1.68%$0.072332
9.72%$0.332406
13.10%$0.02858989
10.22%$0.00003141
11.75%$0.00602009
8.02%$0.999432
0.19%$0.336087
12.03%$0.053377
10.50%$0.996133
0.40%$0.129455
9.90%$17.45
2.38%$0.231604
12.64%$0.077049
11.16%$0.00278937
10.25%$1.41
-3.56%$6.84
14.05%$1.60
-2.34%$0.139029
1.99%$0.04623396
10.45%$0.00249423
0.31%$0.092152
16.77%$0.107906
22.12%$0.02221719
9.71%$1.39
12.54%$0.320177
-3.14%$1.004
0.58%$0.222462
12.44%$1.77
4.93%$1.00
0.00%$0.00222982
6.10%$0.986105
-0.25%$0.522975
4.50%$1.00
0.01%$1.30
10.16%$1.075
0.01%$22.79
0.00%$0.205565
11.79%$0.099911
-0.28%$0.0000374
6.82%$2.87
10.56%$0.00000096
0.49%$0.102487
13.84%$5,239.08
-2.54%$0.941793
51.29%$0.197908
2.65%$0.194787
16.53%$0.053935
4.17%$0.02074858
7.91%$0.00513171
7.01%$1.00
0.00%$0.00399835
12.87%$0.125965
8.46%$0.080143
0.70%$4.25
16.20%$18.99
7.04%$1.98
14.42%$1.00
0.00%$0.651906
10.79%$0.77794
0.62%$0.05573
9.55%$0.173837
15.79%$2.19
11.82%$1.003
0.38%$2.13
2.06%$8.73
-9.00%$0.0232614
1.40%$0.04409937
11.38%$1.81
1.06%$0.01995816
-0.53%$48.01
0.02%$0.0000081
8.06%$3.41
-1.74%$1.26
1.12%$0.156444
7.36%$0.181216
14.19%$0.339368
9.90%$0.947317
-4.78%$1.002
-0.03%$0.998826
0.03%$0.424416
9.16%$1.013
-0.01%$0.663315
4.52%$0.306187
0.08%$4.75
10.97%$0.098492
12.38%$0.084401
8.39%$0.625955
5.09%$0.134406
7.90%$0.268639
6.88%$0.083289
13.84%$0.02327865
-7.20%$0.299607
6.31%$0.131412
4.65%$1,097.76
0.01%$0.074705
0.27%$0.376768
3.45%$0.315353
-0.29%$0.0015117
3.40%$11.58
-2.47%$0.225091
3.25%$1.92
2.72%$0.00407855
4.44%$0.13132
0.61%$0.250115
1.37%$0.205128
7.90%$0.99541
-0.01%$2.44
8.30%$1.001
0.00%$0.343396
4.33%$7.64
-11.86%$12.15
4.25%$1.46
2.27%$1.067
0.39%$1.001
0.05%$1.001
-2.93%$0.999937
-0.01%
Hauck & Aufhäuser, a German mid-sized bank founded in 1796, will launch a passively managed crypto fund in January 2021, it announced earlier today.
Germany's mid-sized traditional bank Hauck & Aufhäuser (founded back in 1796) starts crypto fund as of January 2021 - https://t.co/Y44328fReP
— Philipp Sandner (@philippsandner) December 3, 2020
The fund, officially the HAIC Digital Asset Fund I, will hold Bitcoin, Ethereum, and Stellar, among others, and is aimed at high-net worth investors and institutional clients. Hauck & Aufhäuser has partnered with Berlin fintech player Kapilendo for the launch.
Investors are not limited to any particular subscription period, meaning they can choose to invest or divest from the fund at any time. However, the minimum investment is €200,000 ($243,000).
Clients will be charged the industry average of 2.05% of their investment as fees. All crypto allocations will be selected based on current market caps, qualitative data, and high liquidity to ensure a smooth sale. Hauck & Aufhäuser said the portfolio covers over 85% of the total market for crypto assets with that criterion in mind.
“We see that digital assets and cryptocurrencies are becoming increasingly attractive among institutional investors,” said Holger Sepp, member of the Board of Hauck & Aufhäuser, in a statement.
He added, “With the launch of our first crypto fund, 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 & Aufhäuser.”
The bank had recently founded an investment company for incubating blockchain startups based in Germany, the announcement said.
The development is the latest in what has turned out to be a significant year for German regulations and the adoption of cryptocurrencies. The country recognized Bitcoin as a “legal financial instrument” earlier this year, listed several Bitcoin exchange-traded funds, and paved out several crypto regulations to ensure the industry’s future.
But that’s not all. In 2019, German bank even predicted Bitcoin to hit $90,000. And given the asset’s recent run, that prediction may not be a pipe dream.
