RATE Group | Bitcoin Exchange CoinJar Launches Australia’s First Cryptocurrency Index Fund
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Bitcoin Exchange CoinJar Launches Australia’s First Cryptocurrency Index Fund

03 Aug Bitcoin Exchange CoinJar Launches Australia’s First Cryptocurrency Index Fund

Posted at 06:10h in Cryptocurrency News by

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CoinJar Cryptocurrnecy Index Fund Australia

Australian bitcoin exchange CoinJar has launched the country’s first cryptocurrency index fund available to wholesale investors.

CoinJar Launches Australia’s First Crypto Fund

Announced on Thursday, the CoinJar Digital Currency Fund provides a convenient way for wealthy Australian investors to obtain exposure to cryptocurrencies while offloading the custodial responsibility to another entity.

The Digital Currency Fund has two classes. The first, Bitcoin Class, exclusively provides investors with exposure to bitcoin (BTC). The second, Mixed Class, tracks the market cap-weighted price movements of four of the six largest cryptocurrencies: bitcoin, ethereum (ETH), ripple (XRP), and litecoin (LTC).

“Investing in cryptocurrency carries certain risks and can be an unnecessarily complex process. Traditionally, an individual investor in cryptocurrency has also been exposed to potential loss through cybercrime. We are launching the CoinJar Digital Currency Fund to handle the…

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