Bullbit
Cryptocurrency
UBS Pulls a Celsius: $469 Million Real Estate Fund Locks Investors Out for 3 Years
- What: UBS suspended redemptions from its $469 million Euroinvest fund for up to 36 months due to liquidity concerns.
- Why: A wave of withdrawal requests drained available liquidity, prompting the freeze.
- Signal: The move is reminiscent of Celsius's collapse, where investors were locked out of their funds.
- Target: The fund's suspension aims to preserve remaining assets and prevent further liquidity issues.
- Risk: Investors face a potential 3-year wait for their funds, exposing them to market volatility and potential losses.