$ 500 billion German asset manager plans to add Bitcoin to existing funds

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Union Investment, the investment arm of the DZ banking group, is taking another small step towards offering crypto investment services to private investors. They will make Bitcoin a small percentage of some of their funds.

Union invests in crypto experimentation

As reported to Bloomberg News, portfolio manager David Barthe said the company plans to add Bitcoin to its funds in small amounts, accounting for 1-2% of their portfolios. It will start on an unknown date in the fourth quarter.

It comes after the company first included the cryptocurrency in a blended fund called Private Funds Flexible Pro at the start of this year. These have come in the form of Delta 1 certificates. A Delta certificate provides investors with exposure to an asset as if they themselves directly own the asset.

Kamil Kaczmarski, consultant for financial service providers at Oliver Wyman, said his company recently noticed an increased interest from blended fund managers in cryptocurrencies.

Union Investment currently has approximately $ 500 billion in assets under management.

Access to crypto for the masses

Developments like Union Investment are just one of many that make cryptocurrency exposure easier for the average person. To help the Germans, S Broker recently issued a combination of 40 Bitcoin certificates, stocks and ETFs allowing clients to invest in a wide range of cryptocurrency assets.

That said, accessing a Bitcoin ETF in the US may have to wait. The SEC is not currently considering approving such an institution and may even wait until 2023 before considering it a priority.

There are other ways to spread Bitcoin exposure, however. ATM facilities have exploded in recent months, offering wallet owners a familiar method of buying and selling Bitcoin. According to statistics, most of these installations took place in the United States.

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