Australian regulator and Gemini support launch of bitcoin micro-investment fund Raiz Invest, an Australian micro-investment platform that allows customers to invest change from everyday purchases in financial products, will open a new fund with access to bitcoin.

Australian regulator and Gemini support launch of bitcoin micro-investment fund Raiz Invest, an Australian micro-investment platform that allows customers to invest change from everyday purchases in financial products, will open a new fund with access to bitcoin.

Australian regulator and Gemini support the launch of a micro-investment bitcoin fund

Raiz Invest, an Australian micro-investment platform that allows clients to invest change from day-to-day purchases in financial products, will open a new fund with access to bitcoin.

According to CEO Raiz Invest George Lucas, the new fund will be 5% Bitcoin, whereas the remaining 95% will be stocks, bonds, foreign exchange and other assets.

“In this distribution scheme, bitcoin is viewed as an alternative asset class,” he said, adding that the launch of the fund is scheduled for June this year, and the American cryptocurrency exchange Gemini.

The launch of the fund was approved by the Commission on securities and Australia Investment (ASIC). According to local AFR, ASIC approval was the final condition for the foundation..

Raiz is listed on the Australian stock exchange (ASX), and the amount assets under management of the company is equal to $ 306 million, which it manages in the interests of 211,657 clients.

IN present time the company offers six portfolios, which are categorized as “conservative” and “aggressive” in terms of risk. The minimum investment amount is $ 3.5.
Australian regulator and Gemini support launch of bitcoin micro-investment fund Raiz Invest, an Australian micro-investment platform that allows customers to invest change from everyday purchases in financial products, will open a new fund with access to bitcoin.
Australian regulator and Gemini support launch of bitcoin micro-investment fund Raiz Invest, an Australian micro-investment platform that allows customers to invest change from everyday purchases in financial products, will open a new fund with access to bitcoin.

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