{"id":11606,"date":"2021-10-04T12:41:10","date_gmt":"2021-10-04T11:41:10","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=11606"},"modified":"2021-10-04T12:41:18","modified_gmt":"2021-10-04T11:41:18","slug":"new-zealand-launches-its-first-bitcoin-only-investment-fund","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/new-zealand-launches-its-first-bitcoin-only-investment-fund\/","title":{"rendered":"New Zealand Launches Its First Bitcoin-Only Investment Fund"},"content":{"rendered":"\n
Vault International Bitcoin Fund was the first cryptocurrency <\/a>fund in New Zealand to focus only on the digital currency.<\/h5>\n\n\n\n
\"New<\/figure>\n\n\n\n

According to a recent local article, Vault Digital Funds has launched the Vault International Bitcoin Fund for New Zealand investors\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

They would be able to add the asset class to their portfolio <\/a>without needing to own it directly via it. Vault Digital Funds Co-Founder Janine Grainger commented:<\/p>\n\n\n\n

\u201cWe see this as a great way for people to get that exposure without having to do all the more complicated and technical parts of it themselves.\u201d<\/p><\/blockquote>\n\n\n\n

She explained that the effort would be distinct from most typical investment funds in that it would have a different emphasis. It would be suitable for investors with a ten-year investment horizon.<\/p>\n\n\n\n

Nonetheless, Vinnie Gardiner, CEO and Co-Founder of Vault Digital Funds<\/a>, cautioned anyone working with cryptocurrencies of the risks:<\/p>\n\n\n\n

\u201cBitcoin isn\u2019t appropriate for everyone. This is something that people should not be taking lightly.\u201d<\/p><\/blockquote>\n\n\n\n

Darcy Ungaro, host of the NZ Everyday Investor and a licensed financial counsellor, also weighed in on the move. He observed that, despite widespread belief that bitcoin is a “scam or fad,” residents have recently demonstrated an increasing appetite for cryptocurrencies:<\/p>\n\n\n\n

\u201cOver the past three years, I have been having conversations where people say bitcoin is a scam, or a fad, something to be avoided. But recently I have been helping more and more people allocate a portion of their portfolio towards it.\u201d<\/p><\/blockquote>\n\n\n\n

In fact, the most significant danger is not whether bitcoin is a hoax, but rather how consumers handle and store their cryptocurrency holdings. Ungaro expressed optimism that the Vault International Bitcoin <\/a>Fund would provide investors with the appropriate level of protection \u201cbecause it handles all custody issues.\u201d<\/p>\n\n\n\n

Several prominent organizations have attempted to hop on the bitcoin bandwagon in recent months by offering BTC funds to clients.<\/p>\n\n\n\n

JPMorgan Chase & Co. is one example of this. In late April of this year, the financial behemoth deliberated on the issue. The Wall Street titan wanted to sell its new BTC-focused product exclusively to private clients.<\/p>\n\n\n\n

The idea saw the light of day in August, when JPMorgan <\/a>permitted its wealth management clients to invest in a half-dozen cryptocurrency funds. One of them was a new bitcoin fund launched by digital asset firm NYDIG.<\/p>\n\n\n\n

Union Investment, the investment arm of the DZ Bank Group, will purportedly allow private investors to add bitcoin to existing funds in tiny sums, accounting for 1-2 percent of their portfolios. The $500 billion German <\/a>asset management would make the move at an undetermined point in Q4 of this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Vault International Bitcoin Fund was the first cryptocurrency fund in New Zealand to focus only on the digital currency. According to a recent local article, Vault Digital Funds has launched the Vault International Bitcoin Fund for New Zealand investors . They would be able to add the asset class to their portfolio without needing to […]<\/p>\n","protected":false},"author":13,"featured_media":11607,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4856,4855],"class_list":["post-11606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-only-investment-fund","tag-new-zealand"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/10\/image-4.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=11606"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/11607"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=11606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=11606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=11606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}