We’re excited to introduce the CoinJar Digital Currency Fund, Australia’s first index-style cryptocurrency fund for wholesale investors.
What is the CoinJar Digital Currency Fund?
Investing in cryptocurrency to date has been notoriously difficult with limited investment options for wholesale investors.
The CoinJar Digital Currency Fund (The Fund)1 takes on the management and security of the assets on behalf of the investor. The underlying cryptocurrency assets are secured safely in multi-signature digital wallets which provide an additional layer of security for investors.
The Fund has two classes; Bitcoin Class, which provides exposure to Bitcoin (BTC) only; and 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).
Both classes of the Fund offer wholesale investors a convenient way to invest with Australian Dollars, which may provide diversification to traditional asset classes.
The CoinJar Digital Currency Fund has no establishment costs, contribution fees or performance fees. Management fees are 1.3% per annum for Bitcoin Class and 1.8% per annum for Mixed Class plus normal operating costs. Please refer to the Information Memorandum for more details.
The release of the CoinJar Digital Currency Fund follows the launch of CoinJar Exchange, Australia’s fastest cryptocurrency trading exchange. The launch of both products in such a short period is indicative of CoinJar’s continued business expansion and diversification within the Australian market.
To register your interest, visit https://am.coinjar.com.
1 Issued by One CC Pty Ltd ACN 623 438 004 CAR 1261022 and managed by CoinJar Asset Management Pty Ltd ACN 625 772 769 CAR 1266305. Please refer to the Information Memorandum dated 1 August 2018 which is available upon request.