Coinjar Introduces New Digital Currency Fund
Coinjar, a Bitcoin startup, just introduced a new index-based digital currency fund designed to cater to BTC alone or a variety of several cryptocurrencies. This brings positive news for any wholesale investors in Australia as the new fund provides faster, safer and better access to crypto-markets.
Investors will be required to possess more than $2.5M Australian Dollars post-additional asset spending and a minimum of $250K AUD annually. The fund will manage and safely store any assets belonging to involved investors. This is achieved through extensive security through crypto-wallets with a multi-signature security protocol designed to add even further security.
As of now, the new wallet holds two different categories, Bitcoin Class and Mixed Class. BTC Class specifically deals in Bitcoin and introduces investors to an easier approach in BTC wholesale investment. Mixed Class involves several different cryptocurrencies in a fixed supply. Among the coins involved are Bitcoin, Ethereum, XRP, and Litecoin.
The cost of services will be different with each class, with BTC Classic charging an annual 1.3 percent and Mixed will charge 1.8 percent at the same rate. Additionally, the first investment cannot be under $50K AUD and any following investments must be over $10K.
Attracting the Masses
Investment tools like Index-Trackers have quickly risen in favor among the mainstream financial market environment. Several investors have continuously promoted safer investments through diversification and just as many have quickly adopted the concepts.
Passive investment has seen its fair share of criticism as many warn of associated risks and despite the harsh attitude towards it, the investment method is currently incredibly popular among investors within markets.
As of now, no current confirmation or closely predicted reports are showing any ensured success by the index-style funds and passive methods closely resemble hodling, another method of buying big and holding onto cryptocurrencies.