European Fund Managers’ Position on Crypto in ETFs
European fund managers from EFAMA do not foresee a surge of new asset classes, including cryptocurrencies, being added to ETFs after a recent review of UCITS-eligible assets.
European Countries’ Varying Interpretations Prompt ESMA Review
UCITS, or Undertakings for Collective Investment in Transferable Securities, serves as a set of rules in Europe for managing and selling investment funds, ensuring investor protection and facilitating cross-border fund sales. However, differing interpretations in European countries have led ESMA to reevaluate these regulations.
Fund Managers’ Stance on UCITS Consistency and Crypto
EFAMA argues that while a significant overhaul of UCITS rules is unnecessary, clearer guidelines at the European level are vital for maintaining consistency across countries. The group also believes that investing in cryptocurrencies through exchange-traded products offers a more straightforward approach compared to directly holding these assets.
Hot Take: EFAMA’s Projections on Crypto Inclusion in ETFs
EFAMA’s stance on the limited expansion of asset classes for ETFs, including cryptocurrencies, following a review of UCITS-eligible assets reflects a cautious approach to regulatory changes in the investment landscape.
By
By
By
By
