Crypto Fund has announced that it will launch Europe's first diversified cryptocurrency fund. The fund is called the Digital Currency Investment Trust (DCIT) and aims at providing investors with exposure to digital currencies in a way similar to how they would invest in traditional assets. The fund aims to have $113m of assets under management within a year and $3.4bn within three years. A bitcoin ETF would allow investors to invest in bitcoin without actually owning the digital asset. The diversification of funds will promote reduced levels of volatility while still taking advantage of cryptocurrencies' "high growth" potential, said Jan Brzezek, CEO of Crypto Fund.
Crypto Fund has announced that it will launch Europe's first diversified cryptocurrency fund. The fund is called the Digital Currency Investment Trust (DCIT) and aims at providing investors with exposure to digital currencies in a way similar to how they would invest in traditional assets. The fund aims to have $113m of assets under management within a year and $3.4bn within three years. The diversification of funds will promote reduced levels of volatility while still taking advantage of cryptocurrencies' "high growth" potential, said Jan Brzezek, CEO of Crypto Fund.