Crypto News 

BaFin Approves BITREAL Capital to Launch Hybrid Crypto Fund

“The German Federal Financial Supervisory Authority (BaFin) has granted marketing authorization and registration to Munich-headquartered BITREAL Capital GmbH to operate a cryptocurrency and real estate hybrid fund, called BITREAL Real Estate Blockchain Opportunities Fund 1 (BREBCO 1)” reports financemagnates.com. This will be the first hybrid fund of cryptocurrency and real estate in Germany, and it is aiming for an equity volume of 40 million euro ($48.95 million).The bleeding market since January has resulted a year-to-date depreciation is 43.1 percent, according to the cryptocurrency funds’ index by BarclayHedge. Our answer is the BREBCO 1 fund, which is now officially registered in Germany by the BaFin.”.
 
Source: financemagnates.com



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