The adoption of crypto finance continues to reach the banking sector in multiple countries. The growing interest of professional investors in accessing this market is the catalyst for this process.
Recently in Spain (24/07/23), the private bank A&G S.A. launched the first Crypto Asset Investment Fund in the country (Cryptocurrencies Fund).
The aforementioned Fund has been registered with the National Securities Market Commission (CNMV) as a Free Investment Fund (the name given to Hedge Funds in Spain).
It will be a Fund managed by professionals (Active Management Fund), subject to Supervision and Audited by third parties.
It is an exclusive fund for professional clients looking for alternative investment vehicles; and in its beginnings it will have as its main investment options the Cryptocurrencies Bitcoin (BTC) and Ethereum (ETH). To a lesser extent, it will also include other Crypto Assets (Cryptocurrencies and Tokens) and Variable Income (which will be linked to different Digital Assets).
A&G is an independent financial company that is dedicated to Private Banking and specializes in providing Advisory and Wealth Management services. Now with the launch of this Crypto Fund, it is being a pioneer in this type of investment in Spain.
Disclaimer: The content of this article cannot be considered as investment advice or financial advice. This post is for informational purposes only.
This article was first published on the Hive Blockchain: First Crypto Investment Fund in Spain
