CoinJar Launches Australia’s First Crypto Index Fund
Posted: Thu Aug 02, 2018 10:16 am
CoinJar, one of the largest cryptocurrency exchanges in Australia, has announced the launch of “The CoinJar Digital Currency Fund.” The new product is an index fund targeting wholesale investors–in order to qualify, an investor must have net assets of no less than AUD$2.5 million or have had a gross income of AUD$250,000 for the last two years.
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The fund is currently undergoing the process of being registered as a Managed Investment Scheme (MIS).
Jordan Michaelides, institutional head at CoinJar, said that the fund provides a safer way for investors to get involved in ... (read more)