A&G, a Spain-based private banking firm with €12.4 billion ($14 billion) in assets under management, has launched the first crypto fund under Spanish jurisprudence. The fund, called A&G Crypto Fund, will be accessible to professional investors and will invest in a diversified basket of cryptocurrencies. The fund will be managed by A&G’s investment team, which has a strong track record in managing alternative investments.
The launch of A&G Crypto Fund is a significant development for the crypto industry in Spain. It is the first time that a major financial institution in Spain has launched a crypto fund, and it is a sign of the growing acceptance of cryptocurrencies in the country. The fund is also likely to attract interest from investors in other European countries, as it offers a way to invest in cryptocurrencies in a regulated and secure environment.
Here are some other details about the fund:
- The fund will have a minimum investment of €1 million.
- The fund will be invested in a diversified basket of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
- The fund will be managed by A&G’s investment team, which has a strong track record in managing alternative investments.
- The fund will be audited by PwC.
The launch of A&G Crypto Fund is a positive development for the crypto industry in Spain. It is a sign of the growing acceptance of cryptocurrencies in the country, and it is likely to attract interest from investors in other European countries.
