Reiterating that:

• UCITS may not invest directly and indirectly in Virtual Assets but that digital assets fulfilling the conditions of financial instruments do not fall within this prohibition.
• Alternative Investment Funds (AIFs) are permitted to invest directly (and indirectly) in virtual assets, provided that their units are exclusively promoted and restrict to well-informed investors and that the Luxembourg AIFMs to such AIFs are required to be specifically authorised for that strategy.

CSSF’s press release and the updated FAQs can be found here.