CoinJar Digital Currency Fund

Fintech start-up CoinJar has launched an index-style cryptocurrency fund, called the CoinJar Digital Currency Fund.

The fund has two classes. One which provides exposure to Bitcoin only - Bitcoin Class (BTC), and another called Mixed Class, which aims to track the performance of four digital currencies, weighted by fixed supply – Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC).

The fund enables wholesale investors to invest in cryptocurrency with Australian dollars. The underlying cryptocurrency assets are secured safely in multi-signature digital wallets, which provide an additional layer of security for investors, according to CoinJar. Management fees are 1.3% per annum for Bitcoin Class and 1.8% per annum for Mixed Class

CoinJar CoinJar Digital Currency Fund Launched on 02 August 2018 Designed for wholesale investors. Find out more Industry Moves does not hold an AFS Licence and neither recommends nor endorses this product/service.