• Bitcoin has piqued the interest of 46 percent of German hedge funds

  • According to a survey of 70+ investment funds, 46 percent of funds in the German-speaking region of Austria, Germany, and Switzerland (DACH region) are interested in cryptos such as bitcoin and eth.

    According to the survey, 88 percent of German funds are not invested in bitcoin, with only 4 percent invested in crypto and 8 percent unsure.

    It was also revealed that 6.6 percent are in the final stages of planning and will invest this year, which would more than double the German-speaking crypto holding funds.

    13.2 percent are interested in investing, but they are still researching the market. While 26.3 percent are interested in digital assets, they must wait for further maturation. The remaining 53.9 percent believe they will not invest in the next three years.

    “According to the study, it is possible to expect an inflow of $100 billion to $657 billion into the digital asset market only from the DACH region within three years,” says Arthur Capella of Mindsmith, the tech think tank that conducted the survey.

    Surprisingly, 33.8 percent say they are unsure whether they would use defi if they invest in crypto, implying that defi awareness is very low, with only 14 percent saying they would consider using decentralized finance.

    While 15% say cryptos are currently outside the scope of their investment mandate, this may change with the implementation of the Fund Location Act on Monday, which allows special funds (“Spezialfonds”) to invest up to 20% of their assets under management in bitcoin or eth.

    According to this survey, 7% will do so this year, and nearly half will invest in crypto over the next three years, which could translate into inflows of nearly as much as bitcoin’s current market cap at the upper end of estimates of how much funds may enter crypto from the DACH region.

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