RATE Group | Index-Style Cryptocurrency Fund Launches in Australia
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Index-Style Cryptocurrency Fund Launches in Australia

08 Aug Index-Style Cryptocurrency Fund Launches in Australia

Posted at 03:11h in Cryptocurrency News by

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A new index-style cryptocurrency fund has launched in Australia providing exposure to either Bitcoin only or a basket of different cryptocurrencies.

It’s good news for Australian cryptocurrency wholesale investors. On August 2nd, 2018, Bitcoin startup CoinJar introduced its Digital Currency Fund. The fund allows wholesale investors access to cryptocurrency markets, with minimal hassle.

To qualify, investors must have AUD$2.5 million in net assets or AUD$250,000 in annual income. The CoinJar Fund then, “takes on the management and security of the assets on behalf of the investor.”

They secure investor’s cryptocurrency assets in “multi-signature digital wallets,” which “provide an additional layer of security for investors”, the company explained.

SPOILT FOR CHOICE

The fund has two classes. Both offer wholesale investors a convenient way to invest with Australian Dollars. The first, called Bitcoin Class, provides exposure to Bitcoin 00 only.

The second, called…

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