Following a partnership with the Gemini crypto exchange, the digital asset venture capital firm and fund manager Holon announced on Thursday that it had launched the first unlisted retail Bitcoin (BTC), Ether (ETH), and File coin (FIL) funds. According to a release, the funds would invest directly in BTC, ETH, and FIL via a conventional investment vehicle known locally as a retail managed investment scheme. In exchange for a share of interest, multiple investors contribute to managed investment schemes, usually overseen by a fund manager. The Australian Securities and Investments Commission, the nation’s securities regulator, keeps an eye on the business, financial services, and funds like Holon’s to uphold the law and safeguard consumers. Australia – Hotspot for Regulated Crypto Investment Plans Australia is quickly developing into a hotspot for regulated cryptocurrency investment plans. The nation’s first spot bitcoin and ether ETFs, the 21Shares Bitcoin ETF (EBTC) and the ETFS 21Shares Ethereum ETF (EETH) were introduced earlier this year. According to Holon, the funds do not trade and merely hold long positions. Although cryptocurrencies like bitcoin and ether are generally known, newcomers are less likely to be familiar with Filecoin’s native token FIL. The fund manager refers to Filcoin as the “future of data storage” because it enables users who build on its foundation to distance themselves from the “handful of organiz...
ETH Sell Off Surge! Who Is Selling Ethereum?
