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A new index-style cryptocurrency fund has been launched in Australia providing exposure to only Bitcoin or a basket of different cryptocurrencies.
To qualify, investors must have a net worth of AUD $ 2.5 million or an annual income of AUD $ 250,000. The CoinJar Fund therefore "assumes the management and safety of assets on behalf of the investor".
Protect investor's cryptocurrency assets in "multi-signature digital portfolios", which "provide an additional level of security for investors," explained the company
SPOILED FOR CHOICE [19659006] The fund has two classes. Both offer investors a convenient way to invest with Australian dollars. The first, called Bitcoin Class, provides only the exposure to Bitcoin 0 0 .
Management fees vary by class of funds. For the Bitcoin class, it is 1.3% in the year. For the mixed class, it is 1.8%. No commission includes normal operating costs.
There is a minimum investment rule for new investors. The initial investment must exceed AUD $ 50,000. Subsequently, additional investments will have to exceed AUD $ 10,000.
INVESTORS WILL DETECT INDEPENDENT STATE FUNDS?
Passive investment vehicles, such as Index-Trackers, have become popular in the major financial markets. For years, institutional investors have sold the idea of "reduced risk" through diversification. Owners of assets and pension funds, in particular, have smoothies.
The jury is not yet in a position to know whether index-style funds will enjoy success in cryptocurrency markets. However, passive investment practices are similar to bitcoin "hodling", although differences in market size
Index-indexed funds will enjoy success in Cryptocurrency Markets?
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