The BlockFi crypto-lending platform has launched the Bitcoin Trust funding fund.
On the finish of final month, the corporate filed an software with the US SEC to launch a brand new fund centered on “establishments and different certified buyers”.
The corporate factors out that within the close to future, the brand new product will probably be accessible to accredited personal buyers in the USA.
Constancy Digital Belongings will present custodial providers to the fund. Coin Metrics will present worth indices and knowledge. Grant Thornton LLP will act as auditor.
The BlockFi Administration subsidiary will cost a fund asset administration charge of 1.75%.
Recall that in October of final 12 months, BlockFi acquired 5.07% of the shares of the bitcoin belief Grayscale Investments.
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