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Cryptos Fund quasi-ETF now open to investors

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Cryptos Fund, the first Cryptocurrency index fund which tracks the CCI30 index, is now opens to investors.

Cryptos Fund, the brainchild of a team of leading academics, quants and security experts based in Zug, Switzerland, is designed to passively track the CCI30 index (www.cci30.com), an indicator of cryptocurrencies valuations and the benchmark for the sector.
 
Carlo Scevola, one of the fund’s principals, says: “Cryptos Fund was initially created as a private investment vehicle. I first bought Bitcoin in 2011, and when its value became substantial I wanted to diversify into other cryptocurrencies with a rigorous scientific approach. There was no suitable option available, so I created my own fund.”
 
Cryptos Fund is also a response to heavy investor demand. “It bridges the gap between the traditional financial system and the cryptocurrencies sector. Investors need to participate in the cryptocurrency market via a regulated entity, which didn’t exist until now,” says Scevola.
 
Cryptos Fund is the only regulated fund offering a passive index tracking investment strategy on cryptocurrencies and charging no performance fees.
 
The CCI30 index allows for the creation of a balanced portfolio that maximises returns while minimising risk and volatility. The fund replicates the CCI30 index passively by investing in the components of the index (the 30 cryptocurrencies with the largest market capitalisation). Participation in the fund requires a minimum investment of USD100,000. The fund’s annual management fee is 0.99 per cent, and there is no performance fee.
 
“No single investor can realistically own multiple cryptocurrencies directly. It requires time and experience to buy 30 different cryptocurrencies and keep the portfolio balanced. There are also technical and security requirements that only a dedicated professional structure can meet,” says Scevola. “Through Cryptos Fund, anyone can gain exposure to the main cryptocurrencies while reducing the volatility of the investment.”
 
Baker Tilly, a full-service global accounting firm, is the fund’s appointed auditor; Trident Trust, one of the world’s top firms, is the independent administrator.

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