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Bitcoin-only investment fund debuts in New Zealand By BTC Peers

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© Reuters. New Zealand debuts a Bitcoin-only investment fund

New Zealand’s first investment fund that is retail-oriented has been launched. Vault Digital Funds launched the Vault International Bitcoin Fund, a fund that will be available to investors.

Janine Grainger, co-founder of Vault Digital Funds explained the new development to investors. She said that they would be able to add Bitcoin directly to their portfolio without the need to purchase it through the fund.

This is a fantastic way to let people know about your company and get exposure, without the need to be technical.

It has a unique focus, Grainger said. Additionally, it provides clients with a more long-term investment strategy.

Vinnie Gardiner, chief executive officer and cofounder of Vault digital fundss, warned investors about the risks that the cryptocurrency market could pose.

Bitcoin isn’t appropriate for everyone. It is not something to be taken lightly.

Some others also spoke out on the issue. The host of the NZ Everyday Investor and authorized financial advisor Darcy Ungaro opined that locals have been showing an increased interest in cryptocurrencies recently despite the assumptions that Bitcoin is a “scam or a fad.”

The last three years have seen me having many conversations in which people claim that bitcoin is fraud or an fad. This should not be happening. However, recently, I am helping more people dedicate a part of their portfolio to it.

One of Bitcoin’s biggest risks arguably lies in how people hold and store their crypto holdings and not whether it is a scam. Ungaro stated that the Vault International Bitcoin Fund would offer investors the necessary level of security “because it takes care of all the custody issues.”

Numerous institutions are now embracing the crypto-related service, either by offering it to clients or adding it to their own portfolios. For instance, banking giant JPMorgan Chase (NYSE:) & Co launched a crypto investment product back in March, after years of predicting the demise of Bitcoin. Goldman Sachs (NYSE) is another banking giant. Morgan Stanley (NYSE:) has also joined the Bitcoin train.

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