Taking Crypto Risk: $14-Billion Spanish Bank Seeks Success With New Fund

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Spanish bank A&G, known for its specialization in private banking services, took a big step by introducing the maiden crypto fund to be regulated under Spanish law. Boasting an impressive portfolio with assets under management reaching a staggering 12.4 billion euros ($14 billion), A&G proudly presents this innovative and actively-managed fund, a first-of-its-kind in the European market.

This new crypto fund ushered in a wave of possibilities, enabling its skilled managers to wield the utmost freedom when allocating their weight across various assets. With unwavering commitment, the managers will ensure that at least 70% of the fund remains invested in physical digital currencies.

A&G Chief Investment Officer Diego Fernandez Elices said in a statement:

“We consider it an optimal solution for any European professional investor who wants to approach the world of cryptocurrencies, without forgetting that it is a very high-risk fund.”

A&G To Lead Path Into The Crypto World

Spearheading this bold endeavor are Román González Torres and Rubén Ayuso, both seasoned fund managers with extensive expertise garnered from successfully overseeing other funds within A&G.

With a focus on market cap and liquidity, the fund will primarily target leading cryptocurrencies in the industry under Torres and Ayuso’s stewardship. The fund aims to capitalize on its growth potential and market performance by investing in the most prominent digital assets.

Cryptocurrencies reach a market cap of $1.15 trillion today. Chart: TradingView.com

Having completed the necessary formalities, A&G registered the fund with Spain’s financial regulatory authority on July 21. The bank now sets its sights on the imminent launch, scheduled by the end of September this year.

This milestone marks a significant leap forward in introducing regulated digital currency investment opportunities within the Spanish financial landscape.

Balancing Optimism And Risk Mitigation

González Torres said in a report that the fund’s investment strategy emphasizes a prudent approach to market fluctuations. In the face of vitality and overly optimistic market sentiment, the fund managers will have the flexibility to hold up to 30% of the fund’s assets in cash. However, the fund’s core identity will remain in cryptocurrencies, ensuring it operates as a proper 100% digital currency fund.

As the crypto market continues to evolve, A&G’s groundbreaking crypto fund promises to offer investors in Spain an unprecedented avenue to participate in this burgeoning asset class.

With experienced managers at the helm, a well-defined investment strategy, and regulatory approval secured, the future of A&G’s crypto fund looks poised for success in navigating the exciting yet dynamic world of cryptocurrencies.

Featured image from Coinscreed

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