Project Bitwise Asset Management announced the launch of two new cryptocurrency Bitcoin Fund of funds Bitwise and Bitwise Ethereum Fund. As noted in the company, the launch of the funds is in the interests of clients and investors dissatisfaction with the existing options. The market downturn has given investors “a unique opportunity to enter the market at prices that many never expected to see.”
Bitcoin Fund will work only with BTC and Ethereum Fund only with the ETH, in addition to “any fork and derivative networks,” says the company. It was also noted that 100% of the funds will be stored in the cold storage. Kingdom Trust will carry out the custodial services for the two funds. Contributions to the Fund of Bitcoins can only be made through the payment through Bank accounts and BTC, reported on the website of Bitwise.
The beginning of large-scale strategy 10 Private Index Fund
Starting Wednesday, the funds available for the two classes of portfolios, one of which is aimed at institutional investors, with the cost of maintenance in the amount of 1.0% and a minimum investment of $1 million. the Second is the cost of maintenance in the amount of 1.5% and minimum investment of $25 000. The Deposit and withdrawal of funds is made every Wednesday, “without delay, and fees for the withdrawal payments, the representatives of the Bitwise.
Two of the released Fund is another strategy in large-scale project called Bitwise 10 Private Index Fund. These funds will include BTC, XRP, ETH, XLM, BCH, EOS, LTC, ZEC, XMR and DASH.
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Tags: Bitcoin, Ethereum Bitwise Fund Fund