16 May The first Bitcoin investment fund gets green light in Croatia
Griffon Asset Management’s Passive Digital Asset fund, a Bitcoin investment fund, gets Hanfa’s nod, Croatia’s financial regulator.
Griffon Asset Management’s Passive Digital Asset fund becomes the first Bitcoin (BTC) investment fund in Croatia after being approved by Croatia’s financial watchdog.
Hanfa also approved its partnership with the Croatian bank, Hrvatska Postanska Banka (HPB), as the fund’s depository.
Hanfa approves Croatia’s first-ever BTC investment fund
The Passive Digital Asset fund is the first BTC fund to receive approval from Hanfa.
The cryptocurrency fund focuses on BTC investments and offers a starting investment period of 15 days.
Alternatively, they can start running the fund once total assets already reach an amount equivalent to at least US$145,000 [AU$226,062] of their local currency.
Hanfa also approved its plan to utilize three distributed ledger technology (DLT) explorers in determining its daily asset value.