Bitcoin Adoption Explodes: German Commodities Fund Can Invest 5% In Bitcoin

Bitcoin is being recognized as more and more entities around the world, and this drives a massive BTC adoption.

It’s been just reported that Neuberger Berman’s $164 million commodities fund can invest up to 5% of its assets in BTC futures and funds, the asset manager said Friday.

“Effective immediately,” Neuberger Berman Commodity Strategy Fund may invest in BTC futures and Canada’s bitcoin exchange-traded funds (ETF), the regulatory filing said as reported by the online publication CoinDesk.

The same notes revealed that the fund got an initial go-ahead to chase BTC and ETH exposure through derivative products on August 11.

ETH now seems to be off the table; Friday’s BTC-only filing said it “replaces” the original one that we mentioned above.

It’s important to note that some ETFs are now on the fund’s whitelist, but it still cannot invest directly in digital assets – this is happening likely due to regulatory concerns.

Bitcoin and crypto adoption explodes

It’s been just reported that the crypto-financial service provider Bitcoin Suisse teams up with European payments firm Worldline in order to unlock instant BTC and ETH payments for about 85k merchants in Switzerland.

An official press release details that the new service is called WL Crypto Payments, and it enables merchants to accept BTC and ETH payments.

According to the same official notes, from now on, merchants can download the WL Crypto Payments mobile app or install a payment plugin on their websites. This will allow customers to pay through their usual mobile crypto wallet apps.

Dr. Arthur Vayloyan, chief executive of Bitcoin Suisse, stated the following about these latest moves.

“This is a historic milestone for crypto adoption in Switzerland and beyond… This step proves once again that Switzerland is a leader in collaborative innovation and a pioneer in the crypto and blockchain industry.”

The crypto transactions will be securely converted into Swiss Francs immediately after payment confirmation. This move could reduce a merchant’s exposure to volatility risks, according to Worldline.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.