As much as €350 billion can start entering the crypto market this week, after a law passed earlier this year comes into force in Germany.
The new Fund Location Act (Fondsstandortgesetz) allows 4,000 existing special funds (spezialfonds) – as well as new special funds – to invest up to 20% on BTC and ETH.
“This won’t happen overnight, but we are talking about the largest investment vehicle that we have in Germany – literally all the money is in there,” said Sven Hildebrandt, CEO of Distributed Ledger Consulting (DLC), who worked towards this law.
