Amundi, a major player in the European asset management scene with €2.3 trillion under its care, is gearing up to make a splash in the crypto ETF sector.
This strategic move comes as Amundi acknowledges digital currencies like Bitcoin as valuable components for combating inflation and enhancing portfolio diversity.
According to The Big Whale, a French media outlet specializing in cryptocurrency news, Amundi is setting its sights on the Bitcoin ETN market. This decision reflects their perspective on Bitcoin’s potential as both a value-preserving asset and a hedge against macroeconomic uncertainties amid ongoing inflation challenges.
The firm has been broadening its ETF lineup by introducing new leveraged products that qualify for tax benefits within Europe. Across the continent, institutional investors are increasingly considering regulated ETFs for Bitcoin exposure. This trend is partly driven by activities of sovereign funds within the Eurozone, indicating growing acceptance of digital currencies within mainstream financial systems.