Sydney Australia 1 Australia's First Unlisted Crypto Fund Gets Safeguarded by Gemini

Australia’s First Unlisted Crypto Fund Gets Safeguarded by Gemini

-Holon has become the first unlisted retail bitcoin (BTC), ether (ETH) and filecoin (FIL) funds following a partnership with the Gemini exchange.

-The funds will utilize a traditional investment vehicle known locally as a retail managed investment scheme and invest directly into BTC, ETH and FIL.

-Managed investment schemes involve multiple investors contributing to receive a share of interest and are typically run by a fund manager.

-The funds which are to feature a $5,000 minimum (or $2,000 with a $200 per month savings plan) will provide daily unit pricing, daily redemption and same-day cash settlement and asset purchase.

-The funds are long-only, with no gearing and no trading.

-Gemini will provide custody solutions for all three funds.

 

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