If approved, the EU’s UCITS funds would make way for crypto assets to gain exposure to a 12 trillion euro investment product market.The ESMA asked industry experts for their views on whether Undertakings for Collective Investment in Transferable Securities , an investment product market valued at 12 trillion, euros can gain exposure to different asset classes such as structured/leveraged loans, catastrophe bonds, emission allowances, commodities, crypto assets, and unlisted equities.
UCITS stakeholders have until Aug. 7 to submit their comments. If approved, UCITS would become one of the largest mainstream funds with crypto exposure. This means that even if approved, there won’t be an independent UCITS fund with 100% crypto allocations but multiple UICTS funds with a certain percentage of crypto allocation.